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Forex Trend Analysis Report

Prepared for you on Wednesday, October 4, 2023.

Euro/Russian Ruble (FOREX:EURRUB)

Long-Term Uptrend (+90) - EURRUB is in a strong uptrend that is likely to continue. While EURRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_EURRUB
Open High Low EURRUB Price Change
104.7587 105.5592 103.9521 105.4150 +0.6563
Entry Signal

MarketClub’s Trade Triangles for EURRUB

long term up The long-term trend has been UP since Nov 30th, 2022 at 63.5624

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2023 at 105.2000

short term up The short-term trend has been UP since Sep 26th, 2023 at 102.7500

Smart Scan Analysis for EURRUB

Based on our trend formula, EURRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.7587 105.5592 103.9521 105.4150 +0.6563
Prev. Close Volume Bid Ask Time
104.7587 2023-10-04 23:42:17
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