Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Countertrend Up (+85) - EURCDF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 15th, 2022 at 2082.66
The intermediate-term trend has been UP since Oct 24th, 2023 at 2618.90
The short-term trend has been UP since Oct 24th, 2023 at 2618.90
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).