Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EURBYN
The long term trend has been UP since Aug 30th, 2018 at 2.4162
The intermediate term trend has been UP since Dec 9th, 2018 at 2.4256
The short term trend has been DOWN since Jan 9th, 2019 at 2.4764
Smart Scan Analysis for EURBYN
Based on a pre-defined weighted trend formula for chart analysis, EURBYN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).