Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
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.
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).