Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Euro/Brunei Dollar (FOREX:EURBND)
Strong Downtrend (-100) - EURBND is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURBND continues to fall. Traders should use caution and set stops.
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 Oct 4th, 2023 at 1.4526
The intermediate-term trend has been DOWN since Dec 6th, 2023 at 1.4524
The short-term trend has been DOWN since Dec 6th, 2023 at 1.4607
Smart Scan Analysis for EURBND
Based on our trend formula, EURBND is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).