Forex Trend Analysis Report
Prepared for you on Friday, May 24, 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 EURRSD
The long term trend has been UP since Jan 7th, 2019 at 118.785
The intermediate term trend has been UP since Apr 30th, 2019 at 118.155
The short term trend has been DOWN since May 24th, 2019 at 117.835
Smart Scan Analysis for EURRSD
Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).