Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
MarketClub’s Trade Triangles for EURVEF
The long term trend has been DOWN since Aug 20th, 2018 at 80880.0000
The intermediate term trend has been DOWN since Aug 20th, 2018 at 140550.0000
The short term trend has been UP since Sep 17th, 2018 at 69.8961
Smart Scan Analysis for EURVEF
Based on a pre-defined weighted trend formula for chart analysis, EURVEF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).