Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 EURSRD
The long term trend has been DOWN since Apr 24th, 2018 at 9.168
The intermediate term trend has been UP since Aug 28th, 2018 at 8.541
The short term trend has been UP since Sep 20th, 2018 at 8.652
Smart Scan Analysis for EURSRD
Based on a pre-defined weighted trend formula for chart analysis, EURSRD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).