Index Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
IPATH EUR/USD EXCHANGE RATE ETNS IND VALUE (PACF:ERO.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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.
MarketClub’s Trade Triangles for ERO.IV
The long term trend has been UP since Jan 2nd, 2018 at 44.6456
The intermediate term trend has been DOWN since Feb 22nd, 2018 at 45.2751
The short term trend has been UP since Mar 22nd, 2018 at 45.8259
Smart Scan Analysis for ERO.IV
Based on a pre-defined weighted trend formula for chart analysis, ERO.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||184465.3||52wk High Date||2018-01-18|
|52wk Low||39.2341||52wk Low Date||2017-03-31|