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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Euro/US Dollar (FOREX:EURUSD)
Sidelines Mode (-55) - EURUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for EURUSD
The long-term trend has been UP since Jul 12th, 2024 at 1.09175
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 1.10020
The short-term trend has been UP since Oct 25th, 2024 at 1.08385
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.08025 | 1.08025 | 1.08025 | 1.08025 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.08025 | 2024-10-26 04:46:24 |