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Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

Euro/ (FOREX:EURRSD)

Long-Term Downtrend (-90) - EURRSD is in a strong downtrend that is likely to continue. While EURRSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
116.941 117.562 116.588 117.476 +0.535
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Mar 30th, 2020 at 117.244

intermediate term down The intermediate-term trend has been DOWN since Mar 25th, 2020 at 117.388

short term down The short-term trend has been DOWN since Mar 18th, 2020 at 117.431

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.941 117.562 116.588 117.476 +0.535
Prev. Close Volume Bid Ask Time
116.941 117.351 117.601 2020-03-30 05:39:41
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