Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
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 EURLRD
The long term trend has been DOWN since Nov 19th, 2019 at 223.46
The intermediate term trend has been UP since Dec 29th, 2019 at 210.00
The short term trend has been DOWN since Jan 24th, 2020 at 216.79
Smart Scan Analysis for EURLRD
Based on a pre-defined weighted trend formula for chart analysis, EURLRD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).