Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Euro/Bahamian Dollar (FOREX:EURBSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 EURBSD
The long term trend has been DOWN since Apr 25th, 2018 at 1.2301
The intermediate term trend has been DOWN since Nov 10th, 2019 at 1.1082
The short term trend has been UP since Dec 3rd, 2019 at 1.1008
Smart Scan Analysis for EURBSD
Based on a pre-defined weighted trend formula for chart analysis, EURBSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).