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Forex Trend Analysis Report

Prepared for you on Wednesday, September 27, 2023.

Euro/ (FOREX:EURRSD)

Strong Downtrend (-100) - EURRSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURRSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURRSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURRSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURRSD
Open High Low EURRSD Price Change
117.295 117.306 117.130 117.187 -0.108
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Mar 14th, 2023 at 116.878

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2023 at 117.175

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 117.200

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.295 117.306 117.130 117.187 -0.108
Prev. Close Volume Bid Ask Time
117.295 2023-09-27 20:50:04
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