Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Weak Downtrend (-65) - EURGEL is showing signs of a strengthening downtrend. Monitor EURGEL as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for EURGEL
The long-term trend has been UP since Dec 29th, 2022 at 2.8682934
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 2.8574856
The short-term trend has been DOWN since Feb 6th, 2023 at 2.8574856
Smart Scan Analysis for EURGEL
Based on our trend formula, EURGEL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).