Forex Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
Strong Downtrend (-100) - EURRSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURRSD 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.
MarketClub’s Trade Triangles for EURRSD
The long-term trend has been DOWN since Mar 14th, 2023 at 116.878
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 117.175
The short-term trend has been DOWN since Sep 27th, 2023 at 117.200
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).