Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EURSRD
The long term trend has been UP since Nov 4th, 2019 at 8.2935
The intermediate term trend has been UP since Dec 6th, 2019 at 8.2645
The short term trend has been UP since Jan 1st, 2020 at 8.3105
Smart Scan Analysis for EURSRD
Based on a pre-defined weighted trend formula for chart analysis, EURSRD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).