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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

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, SHORTSYMBOL 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
117.569 117.660 117.478 117.538 -0.031
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Mar 30th, 2020 at 117.244

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 117.072

short term down The short-term trend has been DOWN since May 25th, 2020 at 117.427

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
117.569 117.660 117.478 117.538 -0.031
Prev. Close Volume Bid Ask Time
117.569 117.413 117.663 2020-05-28 12:03:02
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