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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Euro/Bangladeshi Taka (FOREX:EURBDT)

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.

FOREX_EURBDT
Open High Low EURBDT Price Change
94.281 94.281 94.281 94.281 0.000
Entry Signal

MarketClub’s Trade Triangles for EURBDT

long term up The long term trend has been UP since Dec 17th, 2019 at 94.5875

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2019 at 93.9970

short term up The short term trend has been UP since Jan 21st, 2020 at 94.2738

Smart Scan Analysis for EURBDT

Based on a pre-defined weighted trend formula for chart analysis, EURBDT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for EURBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
94.281 94.281 94.281 94.281 0.000
Prev. Close Volume Bid Ask Time
94.281 92.481 96.081 2020-01-21 21:00:30
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