Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/ (FOREX:EURGEL)
Long-Term Downtrend (-90) - EURGEL is in a strong downtrend that is likely to continue. While EURGEL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURGEL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGEL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURGEL
The long-term trend has been DOWN since Feb 2nd, 2024 at 2.8791455
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2.9028127
The short-term trend has been DOWN since May 7th, 2024 at 2.8691712
Smart Scan Analysis for EURGEL
Based on our trend formula, EURGEL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.8660859 | 2.8660859 | 2.8660859 | 2.8660859 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.8708751 | 2024-05-07 10:50:57 |