Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Euro/Brunei Dollar (FOREX:EURBND)
Long-Term Uptrend (+90) - EURBND is in a strong uptrend that is likely to continue. While EURBND is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Dec 3rd, 2020 at 1.6156
The intermediate-term trend has been UP since Feb 25th, 2021 at 1.6116
The short-term trend has been UP since Feb 24th, 2021 at 1.6056
Smart Scan Analysis for EURBND
Based on our trend formula, EURBND is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).