Forex Trend Analysis Report
Prepared for you on Monday, October 22, 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 EURMGA
The long term trend has been UP since Sep 27th, 2018 at 4038.08
The intermediate term trend has been UP since Aug 30th, 2018 at 3843.10
The short term trend has been UP since Oct 4th, 2018 at 4004.90
Smart Scan Analysis for EURMGA
Based on a pre-defined weighted trend formula for chart analysis, EURMGA scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).