Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
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.
MarketClub’s Trade Triangles for EURMGA
The long term trend has been DOWN since Nov 28th, 2019 at 4054.90
The intermediate term trend has been DOWN since Jan 20th, 2020 at 4103.45
The short term trend has been UP since Jan 20th, 2020 at 4129.43
Smart Scan Analysis for EURMGA
Based on a pre-defined weighted trend formula for chart analysis, EURMGA scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).