Forex Trend Analysis Report
Prepared for you on Monday, July 15, 2019.
Euro/Costa Rican Colon (FOREX:EURCRC)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 EURCRC
The long term trend has been DOWN since Apr 1st, 2019 at 675.89
The intermediate term trend has been DOWN since Jul 2nd, 2019 at 655.37
The short term trend has been UP since Jul 11th, 2019 at 655.55
Smart Scan Analysis for EURCRC
Based on a pre-defined weighted trend formula for chart analysis, EURCRC scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).