Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Euro/Brunei Dollar (FOREX:EURBND)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Jun 7th, 2018 at 1.78295
The intermediate term trend has been DOWN since Sep 30th, 2018 at 1.59580
The short term trend has been DOWN since Oct 17th, 2018 at 1.62785
Smart Scan Analysis for EURBND
Based on a pre-defined weighted trend formula for chart analysis, EURBND scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).