Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Strong Downtrend (-100) - EURAMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for EURAMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURAMD
The long-term trend has been DOWN since Feb 10th, 2020 at 525.34
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 531.08
The short-term trend has been DOWN since Feb 5th, 2020 at 528.35
Smart Scan Analysis for EURAMD
Based on our trend formula, EURAMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).