Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Euro/Jordanian Dinar (FOREX:EURJOD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURJOD
The long term trend has been UP since Dec 12th, 2019 at 0.7923
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.7863
The short term trend has been DOWN since Jan 17th, 2020 at 0.7887
Smart Scan Analysis for EURJOD
Based on a pre-defined weighted trend formula for chart analysis, EURJOD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).