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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Euro/US Dollar (FOREX:EURUSD)

Weak Uptrend (+65) - EURUSD is showing signs of weakening momentum to the upside. Monitor EURUSD as it may be in the beginning stages of a reversal.

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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.088555 1.090650 1.086645 1.087325 -0.001230
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long-term trend has been UP since Dec 22nd, 2023 at 1.101850

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 1.088795

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 1.090285

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.088555 1.090650 1.086645 1.087325 -0.001230
Prev. Close Volume Bid Ask Time
1.088555 2024-03-18 23:01:46
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