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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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.109665 1.110250 1.107650 1.108315 -0.001350
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long term trend has been UP since Dec 12th, 2019 at 1.119250

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 1.108570

short term down 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).

-60
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.109665 1.110250 1.107650 1.108315 -0.001350
Prev. Close Volume Bid Ask Time
1.109665 1.108290 1.108340 2020-01-20 13:06:23
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