Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Euro/Australian Dollar (FOREX:EURAUD)
Long-Term Downtrend (-90) - EURAUD is in a strong downtrend that is likely to continue. While EURAUD 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 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.
MarketClub’s Trade Triangles for EURAUD
The long-term trend has been DOWN since Dec 1st, 2023 at 1.632075
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 1.645200
The short-term trend has been DOWN since Nov 20th, 2023 at 1.665335
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).