Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Australian Dollar/Euro (FOREX:AUDEUR)
Sidelines Mode (-55) - AUDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDEUR
The long-term trend has been DOWN since Jan 30th, 2020 at 0.608585
The intermediate-term trend has been UP since Apr 6th, 2020 at 0.564670
The short-term trend has been DOWN since May 27th, 2020 at 0.598700
Smart Scan Analysis for AUDEUR
Based on our trend formula, AUDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).