Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Euro/Russian Ruble (FOREX:EURRUB)
Weak Downtrend (-65) - EURRUB is showing signs of a strengthening downtrend. Monitor EURRUB as it may be building momentum to the downside.
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 Apr 9th, 2020 at 80.4474
The short-term trend has been DOWN since Apr 2nd, 2020 at 85.4500
Smart Scan Analysis for EURRUB
Based on our trend formula, EURRUB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).