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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

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
117.587 117.612 117.472 117.561 -0.026
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Nov 10th, 2020 at 117.235

intermediate term up The intermediate-term trend has been UP since Nov 19th, 2020 at 117.755

short term down The short-term trend has been DOWN since Dec 1st, 2020 at 117.425

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
117.587 117.612 117.472 117.561 -0.026
Prev. Close Volume Bid Ask Time
117.587 2020-12-03 11:47:18
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