Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Australian Dollar/Euro (FOREX:AUDEUR)
Strong Uptrend (+100) - AUDEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid AUDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDEUR
The long-term trend has been UP since Dec 1st, 2023 at 0.6128
The intermediate-term trend has been UP since Nov 30th, 2023 at 0.6079
The short-term trend has been UP since Nov 20th, 2023 at 0.6005
Smart Scan Analysis for AUDEUR
Based on our trend formula, AUDEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).