Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Countertrend Up (+85) - EURSDG 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 EURSDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSDG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSDG
The long-term trend has been UP since May 20th, 2022 at 508.19945
The intermediate-term trend has been UP since Aug 4th, 2022 at 583.16963
The short-term trend has been UP since Jun 22nd, 2022 at 480.17756
Smart Scan Analysis for EURSDG
Based on our trend formula, EURSDG is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).