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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Euro/ (FOREX:EURGEL)

Weak Downtrend (-65) - EURGEL is showing signs of a strengthening downtrend. Monitor EURGEL as it may be building momentum to the downside.

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
2.9690888 2.9690888 2.9690888 2.9690888 0.0000000
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term up The long-term trend has been UP since May 15th, 2024 at 2.9477067

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2024 at 3.0065918

short term down The short-term trend has been DOWN since Jul 8th, 2024 at 2.9975012

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).

-70
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9690888 2.9690888 2.9690888 2.9690888 0.0000000
Prev. Close Volume Bid Ask Time
2.9680565 2024-07-15 14:19:56
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