Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
US Dollar/Euro (FOREX:USDEUR)
Long-Term Uptrend (+90) - USDEUR is in a strong uptrend that is likely to continue. While USDEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Sep 14th, 2023 at 0.937900
The intermediate-term trend has been UP since Dec 1st, 2023 at 0.938415
The short-term trend has been UP since Nov 30th, 2023 at 0.915260
Smart Scan Analysis for USDEUR
Based on our trend formula, USDEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).