Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
EURODOLLAR Nov 2019 (CME:GE.X19)
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 GE.X19
The long term trend has been UP since Aug 5th, 2019 at 98.070
The intermediate term trend has been UP since Oct 1st, 2019 at 98.045
The short term trend has been DOWN since Nov 4th, 2019 at 98.110
Smart Scan Analysis for GE.X19
Based on a pre-defined weighted trend formula for chart analysis, GE.X19 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).