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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Euro/ (FOREX:EURGEL)

Bear Market Rally (-75) - EURGEL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGEL as it may be in the beginning 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.

FOREX_EURGEL
Open High Low EURGEL Price Change
2.8155128 2.8341418 2.8155128 2.8341418 +0.0186290
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term down The long-term trend has been DOWN since Apr 21st, 2022 at 3.3151761

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 2.8922083

short term up The short-term trend has been UP since Aug 15th, 2022 at 2.7913998

Smart Scan Analysis for EURGEL

Based on our trend formula, EURGEL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8155128 2.8341418 2.8155128 2.8341418 +0.0186290
Prev. Close Volume Bid Ask Time
2.8155128 2022-08-15 16:41:03
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