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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Euro/ (FOREX:EURMZN)

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.

FOREX_EURMZN
Open High Low EURMZN Price Change
68.6958 68.7337 68.6958 68.7337 +0.0379
Entry Signal

MarketClub’s Trade Triangles for EURMZN

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 68.28036

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 67.82586

short term down 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).

-75
Smart Scan Analysis for EURMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
68.6958 68.7337 68.6958 68.7337 +0.0379
Prev. Close Volume Bid Ask Time
68.6958 2023-12-08 13:33:49
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