Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Euro/ (FOREX:EURRSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for EURRSD
The long term trend has been DOWN since Jul 1st, 2019 at 117.725
The intermediate term trend has been DOWN since Nov 5th, 2019 at 117.316
The short term trend has been DOWN since Nov 13th, 2019 at 117.340
Smart Scan Analysis for EURRSD
Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 117.390 | 117.460 | 117.390 | 117.460 | +0.070 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.390 | 117.335 | 117.585 | 2019-11-16 08:30:00 |