Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 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 EURSRD
The long term trend has been DOWN since Apr 24th, 2018 at 9.1680
The intermediate term trend has been DOWN since Oct 30th, 2018 at 8.5175
The short term trend has been DOWN since Oct 22nd, 2018 at 8.6005
Smart Scan Analysis for EURSRD
Based on a pre-defined weighted trend formula for chart analysis, EURSRD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).