Forex Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Crossroads (-60) - EURLRD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for EURLRD
The long-term trend has been DOWN since Oct 29th, 2020 at 224.64
The intermediate-term trend has been UP since Apr 18th, 2021 at 205.74
The short-term trend has been UP since Apr 6th, 2021 at 203.22
Smart Scan Analysis for EURLRD
Based on our trend formula, EURLRD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).