Forex Trend Analysis Report
Prepared for you on Friday, November 16, 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 EURRUR
The long term trend has been UP since Mar 2nd, 2018 at 69.92550
The intermediate term trend has been UP since Nov 9th, 2018 at 76.40573
The short term trend has been DOWN since Nov 15th, 2018 at 75.83647
Smart Scan Analysis for EURRUR
Based on a pre-defined weighted trend formula for chart analysis, EURRUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).