Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Euro/Cuban Peso (FOREX:EURCUP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 EURCUP
The long term trend has been DOWN since May 7th, 2018 at 1.209
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 1.158
The short term trend has been UP since Dec 4th, 2018 at 1.137
Smart Scan Analysis for EURCUP
Based on a pre-defined weighted trend formula for chart analysis, EURCUP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).