Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Euro/Guatemalan Quetzal (FOREX:EURGTQ)
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 EURGTQ
The long term trend has been DOWN since Mar 10th, 2019 at 8.7078
The intermediate term trend has been DOWN since Nov 10th, 2019 at 8.5739
The short term trend has been UP since Dec 12th, 2019 at 8.5204
Smart Scan Analysis for EURGTQ
Based on a pre-defined weighted trend formula for chart analysis, EURGTQ scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).