Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
US Dollar/Euro (FOREX:USDEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Jun 4th, 2019 at 0.887903
The short term trend has been UP since Jul 16th, 2019 at 0.889655
Smart Scan Analysis for USDEUR
Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).