Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Euro/US Dollar (FOREX:EURUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for EURUSD
The long term trend has been UP since Dec 12th, 2019 at 1.119250
The intermediate term trend has been DOWN since Jan 20th, 2020 at 1.108570
The short term trend has been DOWN since Jan 17th, 2020 at 1.110505
Smart Scan Analysis for EURUSD
Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).