Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURUZS
The long term trend has been UP since Jun 9th, 2019 at 9566.30
The intermediate term trend has been DOWN since Jan 20th, 2020 at 10582.87
The short term trend has been DOWN since Jan 9th, 2020 at 10643.31
Smart Scan Analysis for EURUZS
Based on a pre-defined weighted trend formula for chart analysis, EURUZS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).