Forex Trend Analysis Report
Prepared for you on Friday, May 14, 2021.
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.
MarketClub’s Trade Triangles for EURUSD
The long-term trend has been DOWN since Mar 5th, 2021 at 1.192205
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.199425
The short-term trend has been DOWN since May 12th, 2021 at 1.212175
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).