Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
/US Dollar (FOREX:YERUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 YERUSD
The long term trend has been UP since Oct 23rd, 2018 at 0.004000
The intermediate term trend has been UP since Oct 23rd, 2018 at 0.003995
The short term trend has been DOWN since Dec 11th, 2018 at 0.003995
Smart Scan Analysis for YERUSD
Based on a pre-defined weighted trend formula for chart analysis, YERUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).