Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 EURGEL
The long term trend has been DOWN since Dec 13th, 2019 at 3.2285500
The intermediate term trend has been DOWN since Dec 6th, 2019 at 3.2626068
The short term trend has been UP since Jan 9th, 2020 at 3.1988547
Smart Scan Analysis for EURGEL
Based on a pre-defined weighted trend formula for chart analysis, EURGEL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).