Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Euro/Cambodian Riel (FOREX:EURKHR)
Sidelines Mode (+50) - EURKHR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURKHR can gain momentum.
Is it time to buy, sell, or avoid EURKHR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURKHR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURKHR
The long-term trend has been DOWN since Mar 9th, 2021 at 4845.5
The intermediate-term trend has been UP since Jul 27th, 2022 at 4133.5
The short-term trend has been UP since Jul 27th, 2022 at 4109.0
Smart Scan Analysis for EURKHR
Based on our trend formula, EURKHR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).