Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 RSDEUR
The long term trend has been DOWN since Sep 11th, 2018 at 0.00845
The intermediate term trend has been UP since Nov 12th, 2018 at 0.00845
The short term trend has been UP since Sep 21st, 2018 at 0.00845
Smart Scan Analysis for RSDEUR
Based on a pre-defined weighted trend formula for chart analysis, RSDEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).