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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.

FOREX_EURRUB
Open High Low EURRUB Price Change
62.7720 62.7720 59.0849 62.7654 -0.0066
Entry Signal

MarketClub’s Trade Triangles for EURRUB

long term down The long-term trend has been DOWN since May 5th, 2022 at 76.0680

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 62.8556

short term down 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).

-55
Smart Scan Analysis for EURRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.7720 62.7720 59.0849 62.7654 -0.0066
Prev. Close Volume Bid Ask Time
62.7720 2022-08-19 19:52:30
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