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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Euro (FOREX:USDEUR)

Weak Downtrend (-65) - USDEUR is showing signs of a strengthening downtrend. Monitor USDEUR as it may be building momentum to the downside.

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
0.89881 0.89966 0.89400 0.89450 -0.00431
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term up The long-term trend has been UP since Mar 19th, 2020 at 0.9278250

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2020 at 0.9098000

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.9143695

Smart Scan Analysis for USDEUR

Based on our trend formula, USDEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.89881 0.89966 0.89400 0.89450 -0.00431
Prev. Close Volume Bid Ask Time
0.89881 0.89440 0.89460 2020-06-02 05:46:54
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