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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Euro/ (FOREX:EURGEL)

Strong Downtrend (-100) - EURGEL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
3.0820716 3.0820716 3.0521898 3.0521898 -0.0298820
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term down The long-term trend has been DOWN since Dec 13th, 2019 at 3.2285500

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2019 at 3.2626068

short term down The short-term trend has been DOWN since Feb 4th, 2020 at 3.1807176

Smart Scan Analysis for EURGEL

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

-100
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0820716 3.0820716 3.0521898 3.0521898 -0.0298820
Prev. Close Volume Bid Ask Time
3.0820716 3.0251792 3.0792003 2020-02-19 15:50:34
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