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.
MarketClub’s Trade Triangles for EURUSD
The long-term trend has been DOWN since Mar 19th, 2020 at 1.077835
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.080785
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).