Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Strong Downtrend (-100) - EURLRD 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 EURLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLRD
The long-term trend has been DOWN since Oct 29th, 2020 at 224.64
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 201.67
The short-term trend has been DOWN since Sep 10th, 2021 at 203.39
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).