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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Australian Dollar/Euro (FOREX:AUDEUR)

Long-Term Downtrend (-90) - AUDEUR is in a strong downtrend that is likely to continue. While AUDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_AUDEUR
Open High Low AUDEUR Price Change
0.61764 0.61840 0.61720 0.61808 +0.00044
Entry Signal

MarketClub’s Trade Triangles for AUDEUR

long term down The long-term trend has been DOWN since Oct 4th, 2022 at 0.64930

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2023 at 0.63834

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 0.62060

Smart Scan Analysis for AUDEUR

Based on our trend formula, AUDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61764 0.61840 0.61720 0.61808 +0.00044
Prev. Close Volume Bid Ask Time
0.61764 2023-03-23 01:54:47
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