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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/ (FOREX:EURCDF)
Long-Term Uptrend (+90) - EURCDF is in a strong uptrend that is likely to continue. While EURCDF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURCDF
The long-term trend has been UP since Nov 15th, 2022 at 2082.66
The intermediate-term trend has been UP since May 5th, 2024 at 2987.70
The short-term trend has been UP since May 5th, 2024 at 2987.70
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2993.6 | 2993.6 | 2993.6 | 2993.6 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2993.6 | 2024-05-08 21:02:50 |