Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 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 Aug 8th, 2021 at 1.175255
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 1.172450
The short-term trend has been UP since Oct 19th, 2021 at 1.164550
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).