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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

Euro/ (FOREX:EURRSD)

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.

FOREX_EURRSD
Open High Low EURRSD Price Change
117.905 118.025 117.805 117.895 -0.010
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term up The long term trend has been UP since Jan 7th, 2019 at 118.785

intermediate term up The intermediate term trend has been UP since Apr 30th, 2019 at 118.155

short term down 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).

+55
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.905 118.025 117.805 117.895 -0.010
Prev. Close Volume Bid Ask Time
117.905 117.770 118.020 2019-05-24 18:03:41
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