Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Euro/Ukrainian Hryvnia (FOREX:EURUAH)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EURUAH
The long term trend has been DOWN since Dec 23rd, 2018 at 31.372
The intermediate term trend has been DOWN since Jul 3rd, 2019 at 29.546
The short term trend has been DOWN since Aug 18th, 2019 at 28.138
Smart Scan Analysis for EURUAH
Based on a pre-defined weighted trend formula for chart analysis, EURUAH scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).