Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
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 EURLFX
The long term trend has been DOWN since Nov 12th, 2018 at 2.2917
The intermediate term trend has been UP since Dec 7th, 2018 at 2.3150
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).