Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, December 11, 2018.

Euro/ (FOREX:EURRSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_EURRSD
Open High Low EURRSD Price Change
118.295 118.415 118.235 118.255 -0.040
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long term trend has been DOWN since Nov 12th, 2018 at 117.675

intermediate term down The intermediate term trend has been DOWN since Nov 12th, 2018 at 118.095

short term up The short term trend has been UP since Dec 7th, 2018 at 118.345

Smart Scan Analysis for EURRSD

Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.295 118.415 118.235 118.255 -0.040
Prev. Close Volume Bid Ask Time
118.295 118.130 118.380 2018-12-11 09:32:03
Want to analyze Euro/ EURRSD or another symbol? Try our Free Forex Trend Analysis Report.