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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Euro/Maltese Lira (FOREX:EURMTL)

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_EURMTL
Open High Low EURMTL Price Change
0.32463768 0.32500867 0.32443812 0.32449383 -0.00014400
Entry Signal

MarketClub’s Trade Triangles for EURMTL

long term up The long term trend has been UP since Dec 12th, 2019 at 0.32786225

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.32473484

short term down The short term trend has been DOWN since Jan 17th, 2020 at 0.32533353

Smart Scan Analysis for EURMTL

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

-70
Smart Scan Analysis for EURMTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.32463768 0.32500867 0.32443812 0.32449383 -0.00014400
Prev. Close Volume Bid Ask Time
0.32463768 0.32373340 0.32525425 2020-01-22 10:10:13
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