Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURAFN
The long term trend has been DOWN since May 1st, 2018 at 85.62
The intermediate term trend has been UP since Jun 26th, 2018 at 84.69
The short term trend has been DOWN since Jul 15th, 2018 at 86.07
Smart Scan Analysis for EURAFN
Based on a pre-defined weighted trend formula for chart analysis, EURAFN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).