Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
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.
MarketClub’s Trade Triangles for EURAUD
The long-term trend has been DOWN since Oct 14th, 2021 at 1.561665
The intermediate-term trend has been UP since Jan 17th, 2022 at 1.585105
The short-term trend has been DOWN since Jan 26th, 2022 at 1.575645
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).