Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Euro/US Dollar (FOREX:EURUSD)
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.
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MarketClub’s Trade Triangles for EURUSD
The long term trend has been DOWN since May 1st, 2018 at 1.206420
The intermediate term trend has been UP since Dec 4th, 2019 at 1.109610
The short term trend has been DOWN since Dec 6th, 2019 at 1.106785
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.105675 | 1.107950 | 1.105550 | 1.106050 | +0.000375 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.105675 | 1.105900 | 1.106200 | 2019-12-09 13:53:29 |