Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/ (FOREX:EURRSD)
Bear Market Rally (-75) - EURRSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURRSD as it may be in the beginning of a reversal.
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 Nov 8th, 2024 at 116.992
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 117.004
The short-term trend has been UP since Nov 14th, 2024 at 116.994
Smart Scan Analysis for EURRSD
Based on our trend formula, EURRSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 116.986 | 116.988 | 116.986 | 116.988 | +0.002 |
| Prev. Close | Volume | Bid | Ask | Time |
| 116.986 | 2024-11-20 01:51:24 |