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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Euro/ (FOREX:EURSRD)

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.

FOREX_EURSRD
Open High Low EURSRD Price Change
8.750 8.750 8.750 8.750 0.000
Entry Signal

MarketClub’s Trade Triangles for EURSRD

long term up The long-term trend has been UP since Jul 16th, 2020 at 8.4760

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2020 at 8.4335

short term up 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).

+80
Smart Scan Analysis for EURSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.750 8.750 8.750 8.750 0.000
Prev. Close Volume Bid Ask Time
8.750 8.659 8.841 2020-07-31 00:03:24
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