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.
MarketClub’s Trade Triangles for AUDEUR
The long-term trend has been DOWN since Oct 4th, 2022 at 0.64930
The intermediate-term trend has been DOWN since Feb 24th, 2023 at 0.63834
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).