Phan, EURUSD Analysis -70

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Forex Trend Analysis Report

Prepared for Phan on Wednesday, November 28, 2018.

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Euro/US Dollar (FOREX:EURUSD)

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 Triangle 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_EURUSD
Open High Low EURUSD Price Change
1.129350 1.138505 1.126935 1.137125 +0.007775
Entry Signal

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MarketClub’s Trade Triangles for EURUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.206420
intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 1.152900
short term down The short term trend has been DOWN since Nov 28th, 2018 at 1.127845

Smart Scan Analysis for EURUSD

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

-70
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.129350 1.138505 1.126935 1.137125 0.007775
Prev. Close Volume Bid Ask Time
1.129350 1.137100 1.137150 2018-11-28 14:57:44

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