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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.

FOREX_EURRSD
Open High Low EURRSD Price Change
117.344 117.421 117.230 117.375 +0.031
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Apr 12th, 2022 at 116.429

intermediate term down The intermediate-term trend has been DOWN since Jun 24th, 2022 at 116.993

short term up 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).

-55
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways 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
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