Future Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
EURODOLLAR Sep 2024 (CME:GE.U24)
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 GE.U24
The long term trend has been UP since Dec 4th, 2018 at 96.960
The intermediate term trend has been DOWN since Oct 15th, 2019 at 98.320
The short term trend has been DOWN since Oct 7th, 2019 at 98.545
Smart Scan Analysis for GE.U24
Based on a pre-defined weighted trend formula for chart analysis, GE.U24 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).