Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Euro/US Dollar (FOREX:EURUSD)
Strong Downtrend (-100) - EURUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURUSD continues to fall. 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 Nov 5th, 2024 at 1.07617
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 1.10020
The short-term trend has been DOWN since Dec 2nd, 2024 at 1.05202
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.048675 | 1.053075 | 1.048115 | 1.050740 | +0.002065 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.048675 | 2024-12-03 11:40:31 |