Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
IPATH EUR/USD EXCHANGE RATE ETNS IND VALUE (PACF:ERO.IV)
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 ERO.IV
The long term trend has been DOWN since Nov 7th, 2017 at 42.9569
The intermediate term trend has been DOWN since Dec 12th, 2017 at 43.4669
The short term trend has been UP since Dec 13th, 2017 at 43.8224
Smart Scan Analysis for ERO.IV
Based on a pre-defined weighted trend formula for chart analysis, ERO.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||45.0275||52wk High Date||2017-09-08|
|52wk Low||38.2637||52wk Low Date||2017-01-03|