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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Euro (FOREX:USDEUR)

Crossroads (+60) - USDEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDEUR
Open High Low USDEUR Price Change
0.924100 0.928100 0.923550 0.925825 +0.001725
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 0.907675

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 0.922950

short term up The short-term trend has been UP since Mar 27th, 2024 at 0.922950

Smart Scan Analysis for USDEUR

Based on our trend formula, USDEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.924100 0.928100 0.923550 0.925825 +0.001725
Prev. Close Volume Bid Ask Time
0.924100 2024-03-28 11:34:56
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