Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Long-Term Downtrend (-90) - EURMRU is in a strong downtrend that is likely to continue. While EURMRU 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 EURMRU?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMRU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMRU
The long-term trend has been DOWN since Mar 23rd, 2020 at 40.488
The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 41.226
The short-term trend has been DOWN since Apr 6th, 2020 at 41.174
Smart Scan Analysis for EURMRU
Based on our trend formula, EURMRU is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).