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Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

US Dollar/Euro (FOREX:USDEUR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_USDEUR
Open High Low USDEUR Price Change
0.896060 0.897787 0.894494 0.896900 +0.000840
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term up The long term trend has been UP since May 1st, 2018 at 0.828905

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2019 at 0.904119

short term down The short term trend has been DOWN since Oct 16th, 2019 at 0.905405

Smart Scan Analysis for USDEUR

Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.896060 0.897787 0.894494 0.896900 +0.000840
Prev. Close Volume Bid Ask Time
0.896060 0.896700 0.897100 2019-10-21 19:13:28
Want to analyze US Dollar/Euro USDEUR or another symbol? Try our Free Forex Trend Analysis Report.