Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
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.
MarketClub’s Trade Triangles for EURGEL
The long-term trend has been DOWN since Dec 13th, 2019 at 3.2285500
The intermediate-term trend has been DOWN since Dec 6th, 2019 at 3.2626068
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).