Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/ (FOREX:EURCDF)
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 Nov 12th, 2024 at 3073.8
The intermediate-term trend has been DOWN since Dec 15th, 2024 at 2994.8
The short-term trend has been DOWN since Dec 15th, 2024 at 3002.3
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2937 | 2937 | 2937 | 2937 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2937 | 2025-01-19 11:30:04 |