Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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 Mar 9th, 2021 at 88.87
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 75.19
The short-term trend has been UP since Oct 14th, 2021 at 73.95
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).