Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
Euro/Netherlands Antillian Guilder (FOREX:EURANG)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EURANG
The long term trend has been DOWN since Jul 9th, 2019 at 2.0665
The intermediate term trend has been DOWN since Jul 9th, 2019 at 2.1014
The short term trend has been UP since Aug 5th, 2019 at 1.9870
Smart Scan Analysis for EURANG
Based on a pre-defined weighted trend formula for chart analysis, EURANG scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).