Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Crossroads (-60) - EURGEL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 19th, 2020 at 3.2911870
The intermediate-term trend has been DOWN since Jun 1st, 2020 at 3.4652878
The short-term trend has been DOWN since Jun 1st, 2020 at 3.5095633
Smart Scan Analysis for EURGEL
Based on our trend formula, EURGEL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).