Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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.
MarketClub’s Trade Triangles for EURRSD
The long-term trend has been UP since Jan 19th, 2021 at 118.053
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 117.520
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).