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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Euro/ (FOREX:EURMVR)

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_EURMVR
Open High Low EURMVR Price Change
17.7235 17.7235 17.7235 17.7235 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term down The long term trend has been DOWN since May 7th, 2018 at 18.797

intermediate term down The intermediate term trend has been DOWN since Oct 4th, 2018 at 17.869

short term down The short term trend has been DOWN since Oct 4th, 2018 at 17.869

Smart Scan Analysis for EURMVR

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

-100
Smart Scan Analysis for EURMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.7235 17.7235 17.7235 17.7235 0.0000
Prev. Close Volume Bid Ask Time
17.7235 17.4310 18.0160 2018-10-22 17:42:36
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