Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 EURAMD
The long term trend has been DOWN since May 13th, 2018 at 585.96
The intermediate term trend has been UP since Oct 13th, 2019 at 526.10
The short term trend has been UP since Oct 13th, 2019 at 523.20
Smart Scan Analysis for EURAMD
Based on a pre-defined weighted trend formula for chart analysis, EURAMD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).