Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Euro/Russian Ruble (FOREX:EURRUB)

Countertrend Down (-85) - EURRUB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
96.0803 97.3754 96.0534 96.8364 +0.7561
Entry Signal

MarketClub’s Trade Triangles for EURRUB

long term down The long-term trend has been DOWN since May 24th, 2024 at 96.8956

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 99.1304

short term up The short-term trend has been UP since May 29th, 2024 at 97.1990

Smart Scan Analysis for EURRUB

Based on our trend formula, EURRUB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
96.0803 97.3754 96.0534 96.8364 +0.7561
Prev. Close Volume Bid Ask Time
96.0803 2024-05-29 12:05:06
Get a free daily analysis and signals for Euro/Russian Ruble (EURRUB) - Request Your Free Report.