Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/ (FOREX:EURAZN)
Sidelines Mode (+50) - EURAZN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURAZN can gain momentum.
Is it time to buy, sell, or avoid EURAZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURAZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURAZN
The long-term trend has been DOWN since Apr 2nd, 2024 at 1.8299
The intermediate-term trend has been UP since May 6th, 2024 at 1.8227
The short-term trend has been UP since May 6th, 2024 at 1.8227
Smart Scan Analysis for EURAZN
Based on our trend formula, EURAZN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8257 | 1.8257 | 1.8257 | 1.8257 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8257 | 1.8257 | 1.8257 | 2024-05-08 06:15:02 |