Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Euro/Barbadian Dollar (FOREX:EURBBD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EURBBD
The long term trend has been UP since Mar 20th, 2017 at 2.1478
The intermediate term trend has been DOWN since Aug 16th, 2017 at 2.3615
The short term trend has been UP since Jul 21st, 2017 at 2.2493
Smart Scan Analysis for EURBBD
Based on a pre-defined weighted trend formula for chart analysis, EURBBD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).