Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EURCDF
The long term trend has been DOWN since Aug 1st, 2019 at 1839.00
The intermediate term trend has been UP since Oct 17th, 2019 at 1835.90
The short term trend has been UP since Dec 2nd, 2019 at 1833.64
Smart Scan Analysis for EURCDF
Based on a pre-defined weighted trend formula for chart analysis, EURCDF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).