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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.
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MarketClub’s Trade Triangles for EURGEL
The long-term trend has been DOWN since Jun 4th, 2021 at 3.9302833
The intermediate-term trend has been DOWN since Nov 12th, 2021 at 3.6228518
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).
| 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 |