Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Sidelines Mode (-55) - EURLRD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 9th, 2021 at 207.02
The short-term trend has been DOWN since Feb 25th, 2021 at 209.97
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).