Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

Euro/ (FOREX:EURGEL)

Countertrend Down (-85) - EURGEL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
3.5375553 3.5435459 3.5375553 3.5435459 +0.0059910
Entry Signal

MarketClub’s Trade Triangles for EURGEL

long term down The long-term trend has been DOWN since Jun 4th, 2021 at 3.9302833

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2021 at 3.6228518

short term up The short-term trend has been UP since Nov 30th, 2021 at 3.5220321

Smart Scan Analysis for EURGEL

Based on our trend formula, EURGEL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5375553 3.5435459 3.5375553 3.5435459 +0.0059910
Prev. Close Volume Bid Ask Time
3.5223392 2021-12-02 10:16:02
Get a free daily analysis and signals for Euro/ (EURGEL) - Request Your Free Report.