Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
Euro/Brunei Dollar (FOREX:EURBND)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 EURBND
The long term trend has been UP since May 4th, 2017 at 1.5277
The intermediate term trend has been UP since Apr 24th, 2017 at 1.5054
The short term trend has been DOWN since Sep 22nd, 2017 at 1.6082
Smart Scan Analysis for EURBND
Based on a pre-defined weighted trend formula for chart analysis, EURBND scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).