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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

US Dollar/Euro (FOREX:USDEUR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_USDEUR
Open High Low USDEUR Price Change
0.9047727 0.9048710 0.9047727 0.9048710 +0.0000980
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term up The long term trend has been UP since May 1st, 2018 at 0.8289050

intermediate term up The intermediate term trend has been UP since Nov 10th, 2019 at 0.9077295

short term down The short term trend has been DOWN since Nov 15th, 2019 at 0.9059150

Smart Scan Analysis for USDEUR

Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9047727 0.9048710 0.9047727 0.9048710 +0.0000980
Prev. Close Volume Bid Ask Time
0.9047727 0.9046417 0.9051002 2019-11-16 17:24:43
Want to analyze US Dollar/Euro USDEUR or another symbol? Try our Free Forex Trend Analysis Report.