Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Euro/Maltese Lira (FOREX:EURMTL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 EURMTL
The long term trend has been DOWN since Jul 25th, 2019 at 0.325565
The intermediate term trend has been UP since Aug 9th, 2019 at 0.330645
The short term trend has been DOWN since Aug 23rd, 2019 at 0.324280
Smart Scan Analysis for EURMTL
Based on a pre-defined weighted trend formula for chart analysis, EURMTL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).