Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Countertrend Up (+85) - EURSRD 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 EURSRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSRD
The long-term trend has been UP since Jul 16th, 2020 at 8.4760
The intermediate-term trend has been UP since Jul 7th, 2020 at 8.4335
The short-term trend has been UP since Jul 16th, 2020 at 8.4510
Smart Scan Analysis for EURSRD
Based on our trend formula, EURSRD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).