Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Bear Market Rally (-75) - EURMZN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMZN as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for EURMZN
The long-term trend has been DOWN since Sep 14th, 2023 at 68.28036
The intermediate-term trend has been UP since Nov 3rd, 2023 at 67.82586
The short-term trend has been DOWN since Dec 1st, 2023 at 69.49660
Smart Scan Analysis for EURMZN
Based on our trend formula, EURMZN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).