Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Euro/Australian Dollar (FOREX:EURAUD)
Countertrend Up (+85) - EURAUD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 4th, 2022 at 1.539730
The intermediate-term trend has been UP since Feb 24th, 2023 at 1.566655
The short-term trend has been DOWN since Mar 30th, 2023 at 1.614985
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).