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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Euro/ (FOREX:EURMZN)

Crossroads (-60) - EURMZN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
69.43313 69.43313 69.42769 69.42769 -0.00544
Entry Signal

MarketClub’s Trade Triangles for EURMZN

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 68.43811

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 68.76957

short term up The short-term trend has been UP since May 3rd, 2024 at 68.59152

Smart Scan Analysis for EURMZN

Based on our trend formula, EURMZN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.43313 69.43313 69.42769 69.42769 -0.00544
Prev. Close Volume Bid Ask Time
69.34120 2024-05-20 14:46:48
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