Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Bear Market Rally (-75) - EURGEL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGEL as it may be in the beginning of a reversal.
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 Apr 21st, 2022 at 3.3151761
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 2.8922083
The short-term trend has been UP since Aug 15th, 2022 at 2.7913998
Smart Scan Analysis for EURGEL
Based on our trend formula, EURGEL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).