Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURMZN
The long-term trend has been DOWN since Oct 9th, 2024 at 68.57253
The intermediate-term trend has been DOWN since Nov 8th, 2024 at 69.04152
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 67.69601 | 67.73466 | 67.69601 | 67.73466 | +0.03865 |
| Prev. Close | Volume | Bid | Ask | Time |
| 67.69601 | 2024-11-19 16:10:49 |