Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 EURMVR
The long term trend has been DOWN since May 7th, 2018 at 18.7970
The intermediate term trend has been DOWN since Aug 2nd, 2018 at 17.9195
The short term trend has been UP since Aug 16th, 2018 at 17.5535
Smart Scan Analysis for EURMVR
Based on a pre-defined weighted trend formula for chart analysis, EURMVR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).