Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Euro/Jordanian Dinar (FOREX:EURJOD)
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 EURJOD
The long term trend has been DOWN since May 2nd, 2018 at 0.8566
The intermediate term trend has been UP since Dec 20th, 2018 at 0.8106
The short term trend has been DOWN since Jan 14th, 2019 at 0.8133
Smart Scan Analysis for EURJOD
Based on a pre-defined weighted trend formula for chart analysis, EURJOD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).