Phan, EURUSD Analysis -75

MarketClub: Forex Trend Analysis
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Forex Trend Analysis Report

Prepared for Phan on Monday, December 3, 2018.

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Euro/US Dollar (FOREX:EURUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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
1.135250 1.137950 1.132025 1.133700 -0.001550
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 up The short term trend has been UP since Nov 29th, 2018 at 1.138365

Smart Scan Analysis for EURUSD

Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.135250 1.137950 1.132025 1.133700 -0.001550
Prev. Close Volume Bid Ask Time
1.135250 1.133600 1.133800 2018-12-03 09:22:42

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