Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Euro/Surinamese Dollar (FOREX:EURSRD)
Sidelines Mode (+50) - EURSRD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURSRD can gain momentum.
Is it time to buy, sell, or avoid EURSRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSRD
The long-term trend has been DOWN since Mar 14th, 2021 at 16.9590
The intermediate-term trend has been UP since Apr 12th, 2021 at 16.8190
The short-term trend has been UP since Apr 7th, 2021 at 16.6235
Smart Scan Analysis for EURSRD
Based on our trend formula, EURSRD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).