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Forex Trend Analysis Report

Prepared for you on Monday, May 21, 2018.

Euro/ (FOREX:EURLFX)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_EURLFX
Open High Low EURLFX Price Change
2.3296 2.3302 2.3296 2.3300 +0.0004
Entry Signal

MarketClub’s Trade Triangles for EURLFX

long term down The long term trend has been DOWN since May 8th, 2018 at 2.3498

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2018 at 2.3612

short term down The short term trend has been DOWN since May 15th, 2018 at 2.3455

Smart Scan Analysis for EURLFX

Based on a pre-defined weighted trend formula for chart analysis, EURLFX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for EURLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3296 2.3302 2.3296 2.3300 +0.0004
Prev. Close Volume Bid Ask Time
2.3296 2.3290 2.3310 2018-05-21 00:39:08
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