Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Euro/Russian Ruble (FOREX:EURRUB)
Crossroads (+60) - EURRUB 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 EURRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURRUB
The long-term trend has been UP since Feb 27th, 2020 at 71.6220
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 89.1765
The short-term trend has been DOWN since Feb 24th, 2021 at 89.6460
Smart Scan Analysis for EURRUB
Based on our trend formula, EURRUB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).