Index Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Invesco CurrencyShares Euro Currency Trust (GIF:FXE)
Crossroads (+60) - FXE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid FXE?
MarketClub looks at technical strength and momentum to determine if the timing is right for FXE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FXE
The long-term trend has been DOWN since Mar 4th, 2021 at 112.22
The intermediate-term trend has been UP since Apr 14th, 2021 at 112.00
The short-term trend has been UP since Apr 5th, 2021 at 110.40
Smart Scan Analysis for FXE
Based on our trend formula, FXE is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).