Forex Trend Analysis Report
Prepared for you on Saturday, May 8, 2021.
Euro/Brunei Dollar (FOREX:EURBND)
Crossroads (-60) - EURBND is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURBND?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBND
The long-term trend has been DOWN since Mar 7th, 2021 at 1.6020
The intermediate-term trend has been UP since Apr 18th, 2021 at 1.5971
The short-term trend has been UP since Apr 6th, 2021 at 1.5804
Smart Scan Analysis for EURBND
Based on our trend formula, EURBND is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).