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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Euro (FOREX:USDEUR)
Countertrend Up (+85) - USDEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Nov 5th, 2024 at 0.929275
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.908940
The short-term trend has been DOWN since Nov 18th, 2024 at 0.944075
Smart Scan Analysis for USDEUR
Based on our trend formula, USDEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.944050 | 0.946525 | 0.943700 | 0.945900 | +0.001850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.944050 | 2024-11-20 03:24:04 |