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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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.105675 1.107950 1.105550 1.106050 +0.000375
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.206420

intermediate term up The intermediate term trend has been UP since Dec 4th, 2019 at 1.109610

short term down 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).

-55
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways 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
Want to analyze Euro/US Dollar EURUSD or another symbol? Try our Free Forex Trend Analysis Report.