Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Euro/Australian Dollar (FOREX:EURAUD)
Crossroads (+60) - EURAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 24th, 2020 at 1.612605
The intermediate-term trend has been UP since Jan 1st, 2021 at 1.640300
The short-term trend has been UP since Feb 26th, 2021 at 1.552705
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).