Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Weak Downtrend (-65) - EURLRD is showing signs of a strengthening downtrend. Monitor EURLRD as it may be building momentum to the downside.
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 UP since Mar 4th, 2020 at 218.16
The intermediate-term trend has been DOWN since Mar 26th, 2020 at 219.77
The short-term trend has been DOWN since Mar 17th, 2020 at 224.22
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).