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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Euro/ (FOREX:EURRSD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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
118.605 118.705 118.555 118.595 -0.010
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term up The long term trend has been UP since Aug 28th, 2018 at 118.372

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2018 at 118.105

short term up The short term trend has been UP since Oct 23rd, 2018 at 118.705

Smart Scan Analysis for EURRSD

Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.605 118.705 118.555 118.595 -0.010
Prev. Close Volume Bid Ask Time
118.605 118.470 118.720 2018-10-24 01:56:36
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