Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Euro/Nepalese Rupee (FOREX:EURNPR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Jan 31st, 2018 at 122.854
The intermediate term trend has been UP since Dec 28th, 2017 at 121.942
The short term trend has been UP since Jan 31st, 2018 at 122.521
Smart Scan Analysis for EURNPR
Based on a pre-defined weighted trend formula for chart analysis, EURNPR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).