Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Euro/US Dollar (FOREX:EURUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 EURUSD
The long term trend has been DOWN since May 1st, 2018 at 1.206420
The intermediate term trend has been UP since Aug 26th, 2018 at 1.163505
The short term trend has been UP since Sep 12th, 2018 at 1.163925
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).