Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURMGA
The long term trend has been DOWN since Jan 3rd, 2019 at 3970.8
The intermediate term trend has been UP since Mar 20th, 2019 at 4037.0
The short term trend has been UP since Mar 20th, 2019 at 4010.8
Smart Scan Analysis for EURMGA
Based on a pre-defined weighted trend formula for chart analysis, EURMGA scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).