Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
Euro/Khazanah Sukuk (FOREX:EURLFX)
Long-Term Downtrend (-90) - EURLFX is in a strong downtrend that is likely to continue. While EURLFX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURLFX?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLFX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURLFX
The long-term trend has been DOWN since Aug 6th, 2021 at 2.2891
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 2.2950
The short-term trend has been DOWN since Jan 18th, 2022 at 2.2506
Smart Scan Analysis for EURLFX
Based on our trend formula, EURLFX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).