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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Euro/ (FOREX:EURMGA)

Sidelines Mode (-55) - EURMGA 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 EURMGA?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMGA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMGA
Open High Low EURMGA Price Change
4132.7 4132.7 4132.7 4132.7 0.0
Entry Signal

MarketClub’s Trade Triangles for EURMGA

long term up The long-term trend has been UP since Mar 9th, 2020 at 4144.20

intermediate term down The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 4080.61

short term up The short-term trend has been UP since Mar 26th, 2020 at 4111.90

Smart Scan Analysis for EURMGA

Based on our trend formula, EURMGA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4132.7 4132.7 4132.7 4132.7 0.0
Prev. Close Volume Bid Ask Time
4132.7 4082.7 4182.7 2020-03-31 07:25:25
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