Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Euro/Costa Rican Colon (FOREX:EURCRC)
Bear Market Rally (-75) - EURCRC is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURCRC as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURCRC?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCRC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCRC
The long-term trend has been DOWN since Sep 10th, 2023 at 575.3
The intermediate-term trend has been UP since Oct 19th, 2023 at 558.6
The short-term trend has been DOWN since Dec 4th, 2023 at 575.6
Smart Scan Analysis for EURCRC
Based on our trend formula, EURCRC is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).