Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Bear Market Rally (-75) - EURLRD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURLRD as it may be in the beginning of a reversal.
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 Oct 14th, 2020 at 232.31
The short-term trend has been UP since Nov 23rd, 2020 at 185.09
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).