Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Aug 1st, 2018 at 117.715
The short term trend has been DOWN since Aug 14th, 2018 at 117.875
Smart Scan Analysis for EURRSD
Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).