Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Euro/Nepalese Rupee (FOREX:EURNPR)
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 EURNPR
The long term trend has been DOWN since May 27th, 2018 at 126.974
The intermediate term trend has been UP since Jul 5th, 2018 at 128.019
The short term trend has been DOWN since Jul 15th, 2018 at 128.912
Smart Scan Analysis for EURNPR
Based on a pre-defined weighted trend formula for chart analysis, EURNPR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).