Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Bull Market Weakness (+75) - EURCDF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURCDF as it may be in the beginning stages of a reversal.
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 May 13th, 2020 at 1939.39
The intermediate-term trend has been UP since Feb 16th, 2021 at 2404.63
The short-term trend has been DOWN since Feb 18th, 2021 at 2398.20
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).