Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Euro/Russian Ruble (FOREX:EURRUB)
Bull Market Weakness (+75) - EURRUB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURRUB as it may be in the beginning stages of a reversal.
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 71.62200
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 89.83757
The short-term trend has been UP since Nov 27th, 2020 at 90.46240
Smart Scan Analysis for EURRUB
Based on our trend formula, EURRUB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).