Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Euro/ (FOREX:EURRSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
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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 Aug 6th, 2019 at 117.585
The short term trend has been UP since Aug 9th, 2019 at 117.755
Smart Scan Analysis for EURRSD
Based on a pre-defined weighted trend formula for chart analysis, EURRSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 117.815 | 117.845 | 117.625 | 117.765 | -0.050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.815 | 117.640 | 117.890 | 2019-08-20 14:11:36 |