Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
US Dollar/Euro (FOREX:USDEUR)
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.
MarketClub’s Trade Triangles for USDEUR
The long term trend has been UP since May 1st, 2018 at 0.828905
The intermediate term trend has been DOWN since Mar 20th, 2019 at 0.875700
The short term trend has been DOWN since Mar 18th, 2019 at 0.881485
Smart Scan Analysis for USDEUR
Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).