Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Sidelines Mode (+55) - EURAZN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 8th, 2020 at 1.9074
The intermediate-term trend has been UP since Nov 17th, 2020 at 1.9775
The short-term trend has been DOWN since Nov 24th, 2020 at 2.0191
Smart Scan Analysis for EURAZN
Based on our trend formula, EURAZN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).