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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.
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MarketClub’s Trade Triangles for EURRUB
The long-term trend has been UP since Nov 30th, 2022 at 63.5624
The intermediate-term trend has been UP since Oct 4th, 2023 at 105.2000
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).
| 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 |