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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/ (FOREX:EURLRD)
Countertrend Down (-85) - EURLRD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLRD.
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 EURLRD
The long-term trend has been DOWN since Apr 22nd, 2024 at 206.72
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 210.35
The short-term trend has been UP since May 3rd, 2024 at 207.83
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 207.84 | 207.84 | 207.84 | 207.84 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 207.88 | 2024-05-07 21:05:07 |