Future Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
EURODOLLAR Jun 2024 (CME:GE.M24)
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.M24
The long term trend has been UP since Dec 4th, 2018 at 96.980
The intermediate term trend has been DOWN since Oct 15th, 2019 at 98.345
The short term trend has been DOWN since Oct 7th, 2019 at 98.575
Smart Scan Analysis for GE.M24
Based on a pre-defined weighted trend formula for chart analysis, GE.M24 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).