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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Euro/US Dollar (FOREX:EURUSD)

Crossroads (+60) - EURUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EURUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.110605 1.110605 1.110605 1.110605 0.000000
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 1.077835

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 1.099110

short term up The short-term trend has been UP since May 26th, 2020 at 1.095600

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.110605 1.110605 1.110605 1.110605 0.000000
Prev. Close Volume Bid Ask Time
1.110605 1.110110 1.111100 2020-05-30 21:02:16
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