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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Euro/US Dollar (FOREX:EURUSD)

Long-Term Downtrend (-90) - EURUSD is in a strong downtrend that is likely to continue. While EURUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.10200 1.10327 1.09034 1.09293 -0.00907
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 1.077835

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.080785

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 1.095525

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.10200 1.10327 1.09034 1.09293 -0.00907
Prev. Close Volume Bid Ask Time
1.10200 1.09291 1.09295 2020-04-01 14:51:33
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