Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
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.
MarketClub’s Trade Triangles for EURRSD
The long-term trend has been DOWN since Nov 10th, 2020 at 117.235
The intermediate-term trend has been UP since Nov 19th, 2020 at 117.755
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).