Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for EURSRD
The long term trend has been UP since Jan 11th, 2019 at 8.5175
The intermediate term trend has been UP since Nov 20th, 2018 at 8.4510
The short term trend has been UP since Jan 8th, 2019 at 8.4715
Smart Scan Analysis for EURSRD
Based on a pre-defined weighted trend formula for chart analysis, EURSRD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).