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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

Euro/US Dollar (FOREX:EURUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.177085 1.177350 1.176850 1.176895 -0.000190
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long term trend has been UP since Mar 26th, 2017 at 1.08261

intermediate term down The intermediate term trend has been DOWN since Sep 25th, 2017 at 1.18475

short term down The short term trend has been DOWN since Oct 16th, 2017 at 1.18016

Smart Scan Analysis for EURUSD

Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.177085 1.177350 1.176850 1.176895 -0.000190
Prev. Close Volume Bid Ask Time
1.177085 1.176860 1.176930 2017-10-18 01:20:18
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