Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Euro/Brunei Dollar (FOREX:EURBND)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 EURBND
The long term trend has been UP since Jun 7th, 2018 at 1.78295
The intermediate term trend has been DOWN since Jul 29th, 2018 at 1.59080
The short term trend has been DOWN since Aug 8th, 2018 at 1.58610
Smart Scan Analysis for EURBND
Based on a pre-defined weighted trend formula for chart analysis, EURBND scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).