Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Sidelines Mode (+50) - EURRSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURRSD can gain momentum.
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.
MarketClub’s Trade Triangles for EURRSD
The long-term trend has been DOWN since Aug 2nd, 2021 at 117.55
The intermediate-term trend has been UP since Oct 22nd, 2021 at 117.58
The short-term trend has been UP since Oct 22nd, 2021 at 117.56
Smart Scan Analysis for EURRSD
Based on our trend formula, EURRSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).