Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Euro/Lesotho Loti (FOREX:EURLSL)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 EURLSL
The long term trend has been DOWN since Dec 3rd, 2018 at 15.569
The intermediate term trend has been UP since Feb 15th, 2019 at 15.800
The short term trend has been UP since Feb 28th, 2019 at 15.885
Smart Scan Analysis for EURLSL
Based on a pre-defined weighted trend formula for chart analysis, EURLSL scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).