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Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Euro/Yemeni Rials (FOREX:EURYER)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
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MarketClub’s Trade Triangles for EURYER
The long term trend has been DOWN since May 1st, 2018 at 302.045
The intermediate term trend has been DOWN since Jul 9th, 2019 at 279.965
The short term trend has been DOWN since Jul 16th, 2019 at 281.405
Smart Scan Analysis for EURYER
Based on a pre-defined weighted trend formula for chart analysis, EURYER scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 280.655 | 281.205 | 280.430 | 281.020 | +0.365 |
| Prev. Close | Volume | Bid | Ask | Time |
| 280.655 | 280.980 | 281.060 | 2019-07-17 20:27:07 |