Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Australian Dollar (FOREX:EURAUD)
Bear Market Rally (-75) - EURAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURAUD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for EURAUD
The long-term trend has been DOWN since Sep 24th, 2024 at 1.599835
The intermediate-term trend has been UP since Oct 28th, 2024 at 1.641340
The short-term trend has been DOWN since Nov 18th, 2024 at 1.626270
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.622800 | 1.623535 | 1.620600 | 1.620695 | -0.002105 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.622800 | 2024-11-20 03:48:09 |