Future Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
EURO/AUSTRALIAN $ Sep 2022 (CME:EAD.U22)
Long-Term Downtrend (-90) - EAD.U22 is in a strong downtrend that is likely to continue. While EAD.U22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EAD.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for EAD.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EAD.U22
The long-term trend has been DOWN since Jul 19th, 2022 at 1.4873
The intermediate-term trend has been DOWN since Jul 7th, 2022 at 1.4992
The short-term trend has been DOWN since Aug 8th, 2022 at 1.4664
Smart Scan Analysis for EAD.U22
Based on our trend formula, EAD.U22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).