Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Ukrainian Hryvnia/Euro (FOREX:UAHEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UAHEUR
The long term trend has been UP since Dec 23rd, 2018 at 0.03187800
The intermediate term trend has been UP since Nov 5th, 2019 at 0.03631605
The short term trend has been DOWN since Dec 3rd, 2019 at 0.03783623
Smart Scan Analysis for UAHEUR
Based on a pre-defined weighted trend formula for chart analysis, UAHEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).