Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Countertrend Up (+85) - EURSDG is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURSDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSDG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSDG
The long-term trend has been UP since Nov 6th, 2020 at 65.549783
The intermediate-term trend has been UP since Apr 15th, 2021 at 454.320220
The short-term trend has been UP since Apr 15th, 2021 at 448.130250
Smart Scan Analysis for EURSDG
Based on our trend formula, EURSDG is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).