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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Euro/ (FOREX:EURLRD)
Sidelines Mode (+50) - EURLRD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURLRD can gain momentum.
Is it time to buy, sell, or avoid EURLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURLRD.
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 EURLRD
The long-term trend has been DOWN since Oct 23rd, 2024 at 208.35
The intermediate-term trend has been UP since Dec 5th, 2024 at 193.45
The short-term trend has been UP since Jan 19th, 2025 at 192.63
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 206.48 | 206.48 | 206.48 | 206.48 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 205.42 | 2025-02-02 14:27:10 |