Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Euro/Nepalese Rupee (FOREX:EURNPR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 30th, 2018 at 129.629
The intermediate term trend has been UP since Aug 24th, 2018 at 128.790
The short term trend has been DOWN since Oct 21st, 2018 at 135.530
Smart Scan Analysis for EURNPR
Based on a pre-defined weighted trend formula for chart analysis, EURNPR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).