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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Euro/US Dollar (FOREX:EURUSD)
Weak Downtrend (-65) - EURUSD is showing signs of a strengthening downtrend. Monitor EURUSD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUSD.
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 EURUSD
The long-term trend has been DOWN since Apr 12th, 2024 at 1.069500
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.083055
The short-term trend has been DOWN since Apr 30th, 2024 at 1.067505
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.065620 | 1.073275 | 1.064950 | 1.071550 | +0.005930 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.065620 | 2024-05-01 19:23:14 |