Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Euro/Swaziland Lilangeni (FOREX:EURSZL)
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 EURSZL
The long term trend has been UP since Aug 11th, 2019 at 17.007
The intermediate term trend has been UP since Aug 5th, 2019 at 15.841
The short term trend has been DOWN since Aug 23rd, 2019 at 16.824
Smart Scan Analysis for EURSZL
Based on a pre-defined weighted trend formula for chart analysis, EURSZL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).