Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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.
MarketClub’s Trade Triangles for EURMGA
The long-term trend has been UP since Mar 9th, 2020 at 4144.20
The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 4080.61
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).