Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Crossroads (-60) - EURCDF is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for EURCDF
The long-term trend has been UP since Dec 12th, 2019 at 1852.42
The intermediate-term trend has been DOWN since Jan 24th, 2020 at 1871.97
The short-term trend has been DOWN since Feb 10th, 2020 at 1866.95
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).