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.
MarketClub’s Trade Triangles for EURAUD
The long-term trend has been DOWN since Nov 24th, 2020 at 1.6126050
The intermediate-term trend has been UP since Dec 1st, 2020 at 1.6364279
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).