Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 EURZMW
The long term trend has been UP since Sep 16th, 2018 at 12.0904
The intermediate term trend has been UP since Oct 17th, 2019 at 14.5880
The short term trend has been UP since Oct 28th, 2019 at 14.7173
Smart Scan Analysis for EURZMW
Based on a pre-defined weighted trend formula for chart analysis, EURZMW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).