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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Euro/ (FOREX:EURGEL)

Strong Downtrend (-100) - EURGEL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURGEL continues to fall. Traders should use caution and set stops.

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

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURGEL
Open High Low EURGEL Price Change
2.8320032 2.8320032 2.8269302 2.8269302 -0.0050730
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term down The long-term trend has been DOWN since Feb 2nd, 2024 at 2.8791455

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2.9028127

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 2.9289632

Smart Scan Analysis for EURGEL

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

-100
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8320032 2.8320032 2.8269302 2.8269302 -0.0050730
Prev. Close Volume Bid Ask Time
2.8320032 2024-04-16 15:21:03
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