Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Euro/Jordanian Dinar (FOREX:EURJOD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EURJOD
The long term trend has been DOWN since May 2nd, 2018 at 0.8566
The intermediate term trend has been DOWN since Nov 8th, 2019 at 0.7818
The short term trend has been UP since Nov 15th, 2019 at 0.7826
Smart Scan Analysis for EURJOD
Based on a pre-defined weighted trend formula for chart analysis, EURJOD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).