Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
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.
MarketClub’s Trade Triangles for EURRSD
The long-term trend has been DOWN since Mar 30th, 2020 at 117.244
The intermediate-term trend has been DOWN since Mar 25th, 2020 at 117.388
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).