Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Bull Market Weakness (+75) - EURGEL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURGEL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURGEL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGEL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURGEL
The long-term trend has been DOWN since Jun 4th, 2021 at 3.9302833
The intermediate-term trend has been UP since Oct 19th, 2021 at 3.6404095
The short-term trend has been UP since Oct 7th, 2021 at 3.6253145
Smart Scan Analysis for EURGEL
Based on our trend formula, EURGEL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).