Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Euro/ (FOREX:EURLRD)

Countertrend Up (+85) - EURLRD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

Open	High	Low	EURLRD Price	Change
172.2	172.2	172.2	172.2	0.0
Entry Signal

MarketClub’s Trade Triangles for EURLRD

The long-term trend has been UP since Nov 11th, 2022 at 157.59

The intermediate-term trend has been UP since Mar 7th, 2023 at 169.13

The short-term trend has been UP since Mar 2nd, 2023 at 167.47

Smart Scan Analysis for EURLRD

Based on our trend formula, EURLRD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
172.2	172.2	172.2	172.2	0.0
Prev. Close	Volume	Bid	Ask	Time
172.2				2023-03-18 03:55:52

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