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Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Euro/ (FOREX:EURRSD)
Sidelines Mode (-55) - EURRSD 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 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.
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MarketClub’s Trade Triangles for EURRSD
The long-term trend has been DOWN since Apr 12th, 2022 at 116.429
The intermediate-term trend has been DOWN since Jun 24th, 2022 at 116.993
The short-term trend has been UP since Aug 9th, 2022 at 117.409
Smart Scan Analysis for EURRSD
Based on our trend formula, EURRSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 117.344 | 117.421 | 117.230 | 117.375 | +0.031 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.344 | 2022-08-09 15:43:17 |