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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Euro/ (FOREX:EURMZN)

Long-Term Downtrend (-90) - EURMZN is in a strong downtrend that is likely to continue. While EURMZN 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 EURMZN?

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

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

FOREX_EURMZN
Open High Low EURMZN Price Change
67.55078 67.55078 67.55078 67.55078 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURMZN

long term down The long-term trend has been DOWN since Oct 9th, 2024 at 68.57253

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2024 at 69.04152

short term down The short-term trend has been DOWN since Nov 8th, 2024 at 69.04152

Smart Scan Analysis for EURMZN

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

-90
Smart Scan Analysis for EURMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
67.55078 67.55078 67.55078 67.55078 0.00000
Prev. Close Volume Bid Ask Time
67.55078 2024-12-05 11:18:40
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