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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Euro/ (FOREX:EURRSD)

Crossroads (-60) - EURRSD is struggling to move into a solid trend. Beware of choppy markets 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
117.018 117.022 117.018 117.022 +0.004
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term up The long-term trend has been UP since Aug 1st, 2024 at 117.181

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2024 at 117.010

short term down The short-term trend has been DOWN since Sep 27th, 2024 at 117.074

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.018 117.022 117.018 117.022 +0.004
Prev. Close Volume Bid Ask Time
117.018 2024-10-04 01:48:57
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