Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
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 EURRON
The long term trend has been DOWN since May 14th, 2018 at 4.6214
The intermediate term trend has been UP since Aug 13th, 2018 at 4.6607
The short term trend has been DOWN since Aug 15th, 2018 at 4.6541
Smart Scan Analysis for EURRON
Based on a pre-defined weighted trend formula for chart analysis, EURRON scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).