Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Euro/Russian Ruble (FOREX:EURRUB)
Sidelines Mode (-55) - EURRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURRUB
The long-term trend has been DOWN since May 5th, 2022 at 76.0680
The intermediate-term trend has been UP since Aug 1st, 2022 at 62.8556
The short-term trend has been DOWN since Aug 18th, 2022 at 62.7751
Smart Scan Analysis for EURRUB
Based on our trend formula, EURRUB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).