Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Euro/US Dollar (FOREX:EURUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 EURUSD
The long term trend has been UP since Jan 2nd, 2018 at 1.20260
The intermediate term trend has been UP since Nov 15th, 2017 at 1.18351
The short term trend has been DOWN since Feb 19th, 2018 at 1.23985
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).