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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Euro/Russian Ruble (FOREX:EURRUB)

Sidelines Mode (-55) - EURRUB 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 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.

FOREX_EURRUB
Open High Low EURRUB Price Change
97.6902 97.9365 97.6424 97.7601 +0.0699
Entry Signal

MarketClub’s Trade Triangles for EURRUB

long term up The long-term trend has been UP since Feb 23rd, 2024 at 102.3955

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 99.1304

short term up The short-term trend has been UP since May 20th, 2024 at 99.3615

Smart Scan Analysis for EURRUB

Based on our trend formula, EURRUB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.6902 97.9365 97.6424 97.7601 +0.0699
Prev. Close Volume Bid Ask Time
97.6902 2024-05-23 04:45:50
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