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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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.630190 1.633600 1.629135 1.632430 +0.002240
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 1.632075

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 1.645200

short term down 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).

-90
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.630190 1.633600 1.629135 1.632430 +0.002240
Prev. Close Volume Bid Ask Time
1.630190 2023-12-08 04:18:43
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