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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Euro/ (FOREX:EURLRD)

Long-Term Downtrend (-90) - EURLRD is in a strong downtrend that is likely to continue. While EURLRD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURLRD
Open High Low EURLRD Price Change
207.54 207.54 207.54 207.54 0.00
Entry Signal

MarketClub’s Trade Triangles for EURLRD

long term down The long-term trend has been DOWN since Apr 22nd, 2024 at 206.72

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 209.64

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 210.63

Smart Scan Analysis for EURLRD

Based on our trend formula, EURLRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
207.54 207.54 207.54 207.54 0.00
Prev. Close Volume Bid Ask Time
207.78 2024-06-16 21:00:21
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