Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
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 EURRSD
The long term trend has been DOWN since May 1st, 2017 at 123.027
The intermediate term trend has been UP since Jun 11th, 2018 at 118.294
The short term trend has been UP since Jun 19th, 2018 at 118.239
Smart Scan Analysis for EURRSD
Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).