Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Euro/Macau Pataca (FOREX:EURMOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EURMOP
The long term trend has been DOWN since May 7th, 2018 at 9.7718
The intermediate term trend has been DOWN since Jul 9th, 2019 at 9.0327
The short term trend has been UP since Jul 15th, 2019 at 9.0801
Smart Scan Analysis for EURMOP
Based on a pre-defined weighted trend formula for chart analysis, EURMOP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).