Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
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.
MarketClub’s Trade Triangles for EURMGA
The long term trend has been UP since May 26th, 2019 at 4104.50
The intermediate term trend has been UP since Oct 25th, 2019 at 4148.01
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).