Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Bull Market Weakness (+75) - EURMRU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURMRU as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURMRU?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMRU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMRU
The long-term trend has been UP since Jun 2nd, 2020 at 42.624
The intermediate-term trend has been UP since Jul 13th, 2020 at 43.544
The short-term trend has been UP since Jul 2nd, 2020 at 43.234
Smart Scan Analysis for EURMRU
Based on our trend formula, EURMRU is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).