Future Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
EURODOLLAR Sep 2022 (CME:GE.U22)
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.U22
The long term trend has been UP since Dec 3rd, 2018 at 97.075
The intermediate term trend has been DOWN since Oct 15th, 2019 at 98.485
The short term trend has been DOWN since Oct 7th, 2019 at 98.725
Smart Scan Analysis for GE.U22
Based on a pre-defined weighted trend formula for chart analysis, GE.U22 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).