Phan, EURUSD Analysis -90

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Forex Trend Analysis Report

Prepared for Phan on Wednesday, December 5, 2018.

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Euro/US Dollar (FOREX:EURUSD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
1.132755 1.135805 1.131720 1.135385 +0.002630
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 Dec 5th, 2018 at 1.131750

Smart Scan Analysis for EURUSD

Based on a pre-defined weighted trend formula for chart analysis, EURUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.132755 1.135805 1.131720 1.135385 0.002630
Prev. Close Volume Bid Ask Time
1.132755 1.135360 1.135410 2018-12-05 09:48:19

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