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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

Euro/ (FOREX:EURMGA)

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_EURMGA
Open High Low EURMGA Price Change
3790.8 3790.8 3790.8 3790.8 0.0
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term down The long term trend has been DOWN since Jul 29th, 2018 at 3823.05

intermediate term down The intermediate term trend has been DOWN since Jul 25th, 2018 at 3933.73

short term down The short term trend has been DOWN since Aug 13th, 2018 at 3809.70

Smart Scan Analysis for EURMGA

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

-100
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3790.8 3790.8 3790.8 3790.8 0.0
Prev. Close Volume Bid Ask Time
3790.8 3740.8 3840.8 2018-08-20 21:20:41
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