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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Euro/ (FOREX:EURRSD)

Weak Downtrend (-65) - EURRSD is showing signs of a strengthening downtrend. Monitor EURRSD as it may be building momentum to the downside.

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
117.141 117.144 117.138 117.141 0.000
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 117.125

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 117.087

short term up The short-term trend has been UP since May 15th, 2024 at 117.154

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.141 117.144 117.138 117.141 0.000
Prev. Close Volume Bid Ask Time
117.141 2024-05-20 17:17:00
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