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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Euro/ (FOREX:EURRSD)

Weak Downtrend (-65) - EURRSD is showing signs of a strengthening downtrend. Monitor EURRSD as it may be building momentum to the downside.

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
117.58 117.58 117.58 117.58 0.00
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term up The long-term trend has been UP since Jan 19th, 2021 at 118.053

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 117.520

short term down The short-term trend has been DOWN since Apr 12th, 2021 at 117.580

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
117.58 117.58 117.58 117.58 0.00
Prev. Close Volume Bid Ask Time
117.58 2021-05-11 17:23:05
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