Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Euro/Australian Dollar (FOREX:EURAUD)
Crossroads (+60) - EURAUD 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 EURAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURAUD
The long-term trend has been DOWN since Jun 1st, 2020 at 1.645395
The intermediate-term trend has been UP since Jul 27th, 2020 at 1.643360
The short-term trend has been UP since Aug 12th, 2020 at 1.647810
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).