Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
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 EURGHS
The long term trend has been UP since Sep 24th, 2018 at 5.6632
The intermediate term trend has been DOWN since Mar 20th, 2019 at 6.0718
The short term trend has been DOWN since Apr 21st, 2019 at 5.8015
Smart Scan Analysis for EURGHS
Based on a pre-defined weighted trend formula for chart analysis, EURGHS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).