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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Euro/ (FOREX:EURCDF)
Sidelines Mode (-55) - EURCDF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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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 DOWN since Mar 28th, 2024 at 3008.90
The short-term trend has been UP since Apr 18th, 2024 at 2963.60
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2970.6 | 2970.6 | 2970.6 | 2970.6 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2962.6 | 2024-04-18 07:26:28 |