Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Long-Term Downtrend (-90) - EURCDF is in a strong downtrend that is likely to continue. While EURCDF is showing intraday strength, it remains in the confines of a bearish trend. 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 Sep 22nd, 2021 at 2336.63
The short-term trend has been DOWN since Sep 13th, 2021 at 2349.70
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).