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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Euro/ (FOREX:EURCDF)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_EURCDF
Open High Low EURCDF Price Change
1852.69 1852.69 1852.69 1852.69 0.00
Entry Signal

MarketClub’s Trade Triangles for EURCDF

long term up The long term trend has been UP since Dec 12th, 2019 at 1852.42

intermediate term down The intermediate term trend has been DOWN since Jan 24th, 2020 at 1871.97

short term down The short term trend has been DOWN since Feb 10th, 2020 at 1866.95

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).

-70
Smart Scan Analysis for EURCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1852.69 1852.69 1852.69 1852.69 0.00
Prev. Close Volume Bid Ask Time
1833.65 1827.69 1877.69 2020-02-10 21:01:17
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