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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Euro/ (FOREX:EURGEL)

Bear Market Rally (-75) - EURGEL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGEL as it may be in the beginning of a reversal.

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.

FOREX_EURGEL
Open High Low EURGEL Price Change
2.9166644 2.9166644 2.9166644 2.9166644 0.0000000
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term down The long-term trend has been DOWN since Feb 2nd, 2024 at 2.8791455

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 2.8671741

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 2.9289632

Smart Scan Analysis for EURGEL

Based on our trend formula, EURGEL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9166644 2.9166644 2.9166644 2.9166644 0.0000000
Prev. Close Volume Bid Ask Time
2.9166644 2024-03-28 11:04:26
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