Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Euro/Brunei Dollar (FOREX:EURBND)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EURBND
The long term trend has been DOWN since Jan 16th, 2019 at 1.5497
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 1.5032
The short term trend has been DOWN since Jan 2nd, 2020 at 1.5093
Smart Scan Analysis for EURBND
Based on a pre-defined weighted trend formula for chart analysis, EURBND scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).