Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 18.797
The intermediate term trend has been UP since Dec 31st, 2018 at 17.575
The short term trend has been UP since Dec 31st, 2018 at 17.575
Smart Scan Analysis for EURMVR
Based on a pre-defined weighted trend formula for chart analysis, EURMVR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).