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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Euro/ (FOREX:EURRSD)

Bear Market Rally (-75) - EURRSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURRSD as it may be in the beginning 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
117.113 117.130 117.111 117.128 +0.015
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 117.125

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 117.165

short term up The short-term trend has been UP since Apr 16th, 2024 at 117.116

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.113 117.130 117.111 117.128 +0.015
Prev. Close Volume Bid Ask Time
117.113 2024-04-16 14:37:57
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