Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/ (FOREX:EURCDF)
Strong Downtrend (-100) - EURCDF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURCDF continues to fall. 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.
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MarketClub’s Trade Triangles for EURCDF
The long-term trend has been DOWN since Nov 12th, 2024 at 3073.8
The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 3158.6
The short-term trend has been DOWN since Nov 7th, 2024 at 3076.1
Smart Scan Analysis for EURCDF
Based on our trend formula, EURCDF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3007.2 | 3007.2 | 3007.2 | 3007.2 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3007.2 | 2024-11-18 13:11:45 |