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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Euro/Australian Dollar (FOREX:EURAUD)

Strong Downtrend (-100) - EURAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURAUD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.623750 1.627345 1.623520 1.624570 +0.000820
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 1.629185

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 1.621435

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 1.631110

Smart Scan Analysis for EURAUD

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

-100
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.623750 1.627345 1.623520 1.624570 +0.000820
Prev. Close Volume Bid Ask Time
1.623750 2024-06-13 06:28:06
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