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Forex Trend Analysis Report

Prepared for you on Wednesday, December 19, 2018.

Euro/ (FOREX:EURLFX)

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.

FOREX_EURLFX
Open High Low EURLFX Price Change
2.3175 2.3210 2.3171 2.3201 +0.0026
Entry Signal

MarketClub’s Trade Triangles for EURLFX

long term down The long term trend has been DOWN since Nov 12th, 2018 at 2.2917

intermediate term up The intermediate term trend has been UP since Dec 7th, 2018 at 2.3150

short term up The short term trend has been UP since Dec 18th, 2018 at 2.3170

Smart Scan Analysis for EURLFX

Based on a pre-defined weighted trend formula for chart analysis, EURLFX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for EURLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3175 2.3210 2.3171 2.3201 +0.0026
Prev. Close Volume Bid Ask Time
2.3175 2.3191 2.3211 2018-12-19 04:08:16
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