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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.
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MarketClub’s Trade Triangles for EURAUD
The long-term trend has been DOWN since Sep 24th, 2024 at 1.599835
The intermediate-term trend has been DOWN since Sep 23rd, 2024 at 1.621485
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).
| 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 |