Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2019.
Euro/Lesotho Loti (FOREX:EURLSL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 EURLSL
The long term trend has been DOWN since Dec 3rd, 2018 at 15.569
The intermediate term trend has been DOWN since Apr 1st, 2019 at 16.119
The short term trend has been UP since Apr 16th, 2019 at 15.870
Smart Scan Analysis for EURLSL
Based on a pre-defined weighted trend formula for chart analysis, EURLSL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).