Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
US Dollar/Euro (FOREX:USDEUR)
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 USDEUR
The long term trend has been UP since May 1st, 2018 at 0.828905
The intermediate term trend has been DOWN since Jun 4th, 2019 at 0.887903
The short term trend has been UP since Jul 16th, 2019 at 0.889655
Smart Scan Analysis for USDEUR
Based on a pre-defined weighted trend formula for chart analysis, USDEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).