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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Euro/ (FOREX:EURBTN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_EURBTN
Open High Low EURBTN Price Change
78.5194 78.5194 78.5194 78.5194 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBTN

long term up The long term trend has been UP since Aug 15th, 2019 at 79.1770

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2020 at 78.9135

short term down The short term trend has been DOWN since Jan 8th, 2020 at 79.9405

Smart Scan Analysis for EURBTN

Based on a pre-defined weighted trend formula for chart analysis, EURBTN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURBTN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
78.5194 78.5194 78.5194 78.5194 0.0000
Prev. Close Volume Bid Ask Time
78.5194 77.5194 79.5194 2020-01-28 21:00:47
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