Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Euro/Cambodian Riel (FOREX:EURKHR)
Countertrend Down (-85) - EURKHR 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 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 DOWN since Sep 20th, 2021 at 4799.4
The short-term trend has been UP since Oct 14th, 2021 at 4717.7
Smart Scan Analysis for EURKHR
Based on our trend formula, EURKHR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).