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Forex Trend Analysis Report

Prepared for you on Friday, October 11, 2024.

Euro/Australian Dollar (FOREX:EURAUD)

Countertrend Down (-85) - EURAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.621355 1.621615 1.620840 1.621365 +0.000010
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term down The long-term trend has been DOWN since Sep 24th, 2024 at 1.599835

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2024 at 1.621485

short term up The short-term trend has been UP since Oct 4th, 2024 at 1.613930

Smart Scan Analysis for EURAUD

Based on our trend formula, EURAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.621355 1.621615 1.620840 1.621365 +0.000010
Prev. Close Volume Bid Ask Time
1.621355 2024-10-11 00:49:49
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