Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Euro/Cuban Peso (FOREX:EURCUP)
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 EURCUP
The long term trend has been DOWN since May 7th, 2018 at 1.209
The intermediate term trend has been UP since Jun 9th, 2019 at 1.123
The short term trend has been DOWN since Jun 19th, 2019 at 1.126
Smart Scan Analysis for EURCUP
Based on a pre-defined weighted trend formula for chart analysis, EURCUP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).