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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

Euro/ (FOREX:EURGEL)

Countertrend Up (+85) - EURGEL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
2.9700466 2.9700466 2.9571736 2.9680090 -0.0020380
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term up The long-term trend has been UP since Sep 21st, 2023 at 2.8693292

intermediate term up The intermediate-term trend has been UP since Sep 19th, 2023 at 2.8162214

short term up The short-term trend has been UP since Oct 6th, 2023 at 2.8163666

Smart Scan Analysis for EURGEL

Based on our trend formula, EURGEL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9700466 2.9700466 2.9571736 2.9680090 -0.0020380
Prev. Close Volume Bid Ask Time
2.9700466 2023-11-28 00:22:29
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