Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Strong Downtrend (-100) - EURCDF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURCDF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCDF
The long-term trend has been DOWN since Aug 9th, 2021 at 2339.01
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 2134.84
The short-term trend has been DOWN since Jun 14th, 2022 at 2134.84
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).