Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Strong Downtrend (-100) - EURMZN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURMZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMZN
The long-term trend has been DOWN since Mar 9th, 2021 at 88.87
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 74.01
The short-term trend has been DOWN since Nov 10th, 2021 at 74.01
Smart Scan Analysis for EURMZN
Based on our trend formula, EURMZN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).