Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
US Dollar/Euro (FOREX:USDEUR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Aug 29th, 2019 at 0.904835
The short term trend has been UP since Sep 17th, 2019 at 0.909500
Smart Scan Analysis for USDEUR
Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).