Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Euro/Bahamian Dollar (FOREX:EURBSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURBSD
The long term trend has been DOWN since Apr 25th, 2018 at 1.2301
The intermediate term trend has been DOWN since Sep 30th, 2018 at 1.1585
The short term trend has been UP since Nov 15th, 2018 at 1.1273
Smart Scan Analysis for EURBSD
Based on a pre-defined weighted trend formula for chart analysis, EURBSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).