Forex Trend Analysis Report
Prepared for you on Friday, April 19, 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 EURMRU
The long term trend has been DOWN since Dec 16th, 2018 at 41.258
The intermediate term trend has been UP since Apr 14th, 2019 at 41.225
The short term trend has been UP since Apr 8th, 2019 at 40.995
Smart Scan Analysis for EURMRU
Based on a pre-defined weighted trend formula for chart analysis, EURMRU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).