Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
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.
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MarketClub’s Trade Triangles for EURRSD
The long-term trend has been DOWN since Feb 22nd, 2024 at 117.125
The intermediate-term trend has been UP since Apr 22nd, 2024 at 117.170
The short-term trend has been DOWN since Apr 26th, 2024 at 117.152
Smart Scan Analysis for EURRSD
Based on our trend formula, EURRSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 117.108 | 117.125 | 117.107 | 117.124 | +0.016 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.108 | 2024-05-03 16:06:45 |
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