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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Euro/ (FOREX:EURRSD)

Bull Market Weakness (+75) - EURRSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURRSD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid EURRSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURRSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURRSD
Open High Low EURRSD Price Change
117.338 117.388 117.264 117.335 -0.003
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Mar 14th, 2023 at 116.878

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 117.481

short term up The short-term trend has been UP since Mar 22nd, 2023 at 117.377

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.338 117.388 117.264 117.335 -0.003
Prev. Close Volume Bid Ask Time
117.338 2023-03-24 07:43:03
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