Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Countertrend Up (+85) - EURMZN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 4th, 2019 at 69.600
The intermediate-term trend has been UP since Apr 30th, 2020 at 73.080
The short-term trend has been UP since Apr 30th, 2020 at 73.075
Smart Scan Analysis for EURMZN
Based on our trend formula, EURMZN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).