Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EURLFX
The long term trend has been DOWN since Nov 12th, 2018 at 2.2917
The intermediate term trend has been DOWN since Jan 4th, 2019 at 2.3072
The short term trend has been DOWN since Feb 12th, 2019 at 2.2935
Smart Scan Analysis for EURLFX
Based on a pre-defined weighted trend formula for chart analysis, EURLFX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).