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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2019.

Euro/ (FOREX:EURMGA)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

FOREX_EURMGA
Open High Low EURMGA Price Change
4097.62 4097.62 4097.62 4097.62 0.00
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term up The long term trend has been UP since May 26th, 2019 at 4104.50

intermediate term up The intermediate term trend has been UP since Oct 25th, 2019 at 4148.01

short term down The short term trend has been DOWN since Nov 19th, 2019 at 4126.92

Smart Scan Analysis for EURMGA

Based on a pre-defined weighted trend formula for chart analysis, EURMGA scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4097.62 4097.62 4097.62 4097.62 0.00
Prev. Close Volume Bid Ask Time
4079.36 4047.62 4147.62 2019-11-19 20:07:06
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