Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EURCDF
The long term trend has been UP since Jun 30th, 2019 at 1876.5
The intermediate term trend has been UP since Jun 4th, 2019 at 1850.9
The short term trend has been DOWN since Jul 2nd, 2019 at 1870.6
Smart Scan Analysis for EURCDF
Based on a pre-defined weighted trend formula for chart analysis, EURCDF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).