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Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Euro/Australian Dollar (FOREX:EURAUD)

Bull Market Weakness (+75) - EURAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURAUD as it may be in the beginning stages 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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.622845 1.637335 1.622700 1.636525 +0.013680
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term down The long-term trend has been DOWN since Nov 24th, 2020 at 1.6126050

intermediate term up The intermediate-term trend has been UP since Dec 1st, 2020 at 1.6364279

short term up The short-term trend has been UP since Nov 30th, 2020 at 1.6214000

Smart Scan Analysis for EURAUD

Based on our trend formula, EURAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.622845 1.637335 1.622700 1.636525 +0.013680
Prev. Close Volume Bid Ask Time
1.622845 2020-12-01 12:50:34
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