Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 EURAMD
The long term trend has been DOWN since May 13th, 2018 at 585.96
The intermediate term trend has been DOWN since Nov 12th, 2018 at 551.00
The short term trend has been DOWN since Dec 6th, 2018 at 549.74
Smart Scan Analysis for EURAMD
Based on a pre-defined weighted trend formula for chart analysis, EURAMD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).