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Forex Trend Analysis Report

Prepared for you on Wednesday, October 28, 2020.

/Euro (FOREX:ZMWEUR)

Long-Term Downtrend (-90) - ZMWEUR is in a strong downtrend that is likely to continue. While ZMWEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZMWEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZMWEUR.

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FOREX_ZMWEUR
Open High Low ZMWEUR Price Change
0.04167136 0.04167136 0.04167136 0.04167136 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZMWEUR

long term down The long-term trend has been DOWN since Jul 9th, 2020 at 0.04894313

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.04894313

short term down The short-term trend has been DOWN since Oct 13th, 2020 at 0.04222564

Smart Scan Analysis for ZMWEUR

Based on our trend formula, ZMWEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZMWEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04167136 0.04167136 0.04167136 0.04167136 0.00000000
Prev. Close Volume Bid Ask Time
0.04167136 2020-10-27 22:05:27
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