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Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
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.
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MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Aug 8th, 2021 at 0.8508825
The intermediate-term trend has been UP since Aug 18th, 2022 at 0.9902950
The short-term trend has been UP since Aug 15th, 2022 at 0.9766500
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.992050 | 0.996860 | 0.990442 | 0.995835 | +0.003785 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.992050 | 2022-08-19 17:26:20 |