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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

Euro/ (FOREX:EURRSD)

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.

FOREX_EURRSD
Open High Low EURRSD Price Change
118.190 118.285 118.190 118.190 0.000
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 down The intermediate term trend has been DOWN since Feb 8th, 2019 at 118.195

short term up The short term trend has been UP since Feb 22nd, 2019 at 118.275

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
118.190 118.285 118.190 118.190 0.000
Prev. Close Volume Bid Ask Time
118.190 116.990 119.390 2019-02-23 07:41:32
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