Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Euro/Ukrainian Hryvnia (FOREX:EURUAH)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EURUAH
The long term trend has been DOWN since Dec 23rd, 2018 at 31.3720
The intermediate term trend has been UP since Dec 29th, 2019 at 26.3095
The short term trend has been DOWN since Jan 12th, 2020 at 26.5854
Smart Scan Analysis for EURUAH
Based on a pre-defined weighted trend formula for chart analysis, EURUAH scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).