Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
SPOT EURUSD (INDEX) (NASDAQ:EUU)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EUU
The long term trend has been DOWN since May 1st, 2018 at 120.56
The intermediate term trend has been DOWN since Apr 2nd, 2019 at 111.97
The short term trend has been UP since May 24th, 2019 at 111.88
Smart Scan Analysis for EUU
Based on a pre-defined weighted trend formula for chart analysis, EUU scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||125.37||52wk High Date||2018-01-25|
|52wk Low||112.16||52wk Low Date||2018-11-12|