Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Countertrend Down (-85) - EURMZN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 9th, 2021 at 88.87000
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 68.03083
The short-term trend has been UP since Jun 27th, 2022 at 67.57657
Smart Scan Analysis for EURMZN
Based on our trend formula, EURMZN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).