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Forex Trend Analysis Report

Prepared for you on Wednesday, June 20, 2018.

US Dollar/Euro (FOREX:USDEUR)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.

FOREX_USDEUR
Open High Low USDEUR Price Change
0.863625 0.866285 0.862600 0.864100 +0.000475
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term up The long term trend has been UP since May 1st, 2018 at 0.828905

intermediate term down The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.844755

short term down The short term trend has been DOWN since Jun 19th, 2018 at 0.859155

Smart Scan Analysis for USDEUR

Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.863625 0.866285 0.862600 0.864100 +0.000475
Prev. Close Volume Bid Ask Time
0.863625 0.864000 0.864200 2018-06-20 08:55:54
Want to analyze US Dollar/Euro USDEUR or another symbol? Try our Free Forex Trend Analysis Report.