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.
MarketClub’s Trade Triangles for EURUSD
The long-term trend has been UP since Jul 14th, 2020 at 1.142155
The intermediate-term trend has been UP since May 1st, 2020 at 1.099110
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).