Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
Euro/Guatemalan Quetzal (FOREX:EURGTQ)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 EURGTQ
The long term trend has been UP since Sep 9th, 2018 at 8.8595
The intermediate term trend has been DOWN since Oct 4th, 2018 at 8.8623
The short term trend has been DOWN since Sep 27th, 2018 at 9.0699
Smart Scan Analysis for EURGTQ
Based on a pre-defined weighted trend formula for chart analysis, EURGTQ scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).