Index Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
iPath EUR/USD Exchange Rate ETN (GIF:EROTF)
Sidelines Mode (+55) - EROTF 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 EROTF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EROTF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EROTF
The long-term trend has been UP since Jul 15th, 2020 at 41.338
The intermediate-term trend has been UP since Feb 10th, 2021 at 44.041
The short-term trend has been DOWN since Feb 26th, 2021 at 43.719
Smart Scan Analysis for EROTF
Based on our trend formula, EROTF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).