Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, August 12, 2020.

Euro/ (FOREX:EURMRU)

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.

FOREX_EURMRU
Open High Low EURMRU Price Change
45.458 45.458 45.458 45.458 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMRU

long term up The long-term trend has been UP since Jun 2nd, 2020 at 42.624

intermediate term up The intermediate-term trend has been UP since Jul 13th, 2020 at 43.544

short term up 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).

+70
Smart Scan Analysis for EURMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.458 45.458 45.458 45.458 0.000
Prev. Close Volume Bid Ask Time
45.458 44.758 46.158 2020-08-08 17:45:52
Get a free daily analysis and signals for Euro/ (EURMRU) - Request Your Free Report.