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.
MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Mar 19th, 2020 at 0.9278250
The intermediate-term trend has been DOWN since May 1st, 2020 at 0.9098000
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).