Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
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 UP since Jan 30th, 2020 at 1.643250
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 1.772370
The short-term trend has been DOWN since Mar 20th, 2020 at 1.803835
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).