Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Sidelines Mode (+55) - EURMZN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 69.60
The intermediate-term trend has been DOWN since Jan 12th, 2021 at 91.19
The short-term trend has been UP since Feb 11th, 2021 at 91.13
Smart Scan Analysis for EURMZN
Based on our trend formula, EURMZN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).