Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Euro/Brunei Dollar (FOREX:EURBND)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURBND
The long term trend has been DOWN since Jan 16th, 2019 at 1.5497
The intermediate term trend has been UP since Aug 18th, 2019 at 1.5276
The short term trend has been UP since Aug 18th, 2019 at 1.5113
Smart Scan Analysis for EURBND
Based on a pre-defined weighted trend formula for chart analysis, EURBND scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).