Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Euro/Guatemalan Quetzal (FOREX:EURGTQ)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 EURGTQ
The long term trend has been UP since Sep 9th, 2018 at 8.8595
The intermediate term trend has been UP since Dec 19th, 2018 at 8.8124
The short term trend has been UP since Jan 9th, 2019 at 8.8498
Smart Scan Analysis for EURGTQ
Based on a pre-defined weighted trend formula for chart analysis, EURGTQ scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).