Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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.
MarketClub’s Trade Triangles for EURCDF
The long term trend has been UP since Dec 12th, 2019 at 1852.42
The intermediate term trend has been DOWN since Jan 24th, 2020 at 1871.97
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).