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Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
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.
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MarketClub’s Trade Triangles for EURRSD
The long-term trend has been UP since Jan 19th, 2021 at 118.053
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 117.560
The short-term trend has been DOWN since Mar 5th, 2021 at 117.550
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 117.58 | 117.58 | 117.58 | 117.58 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.58 | 2021-03-08 07:19:09 |