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Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Euro/US Dollar (FOREX:EURUSD)

Strong Uptrend (+100) - EURUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid EURUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.182665 1.185025 1.175550 1.178400 -0.004265
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 1.142155

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 1.099110

short term up The short-term trend has been UP since Aug 5th, 2020 at 1.182500

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.182665 1.185025 1.175550 1.178400 -0.004265
Prev. Close Volume Bid Ask Time
1.182665 1.178300 1.178500 2020-08-07 15:05:35
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