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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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.654005 1.654115 1.649485 1.650995 -0.003010
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 1.645395

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2020 at 1.643360

short term up 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).

+60
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.654005 1.654115 1.649485 1.650995 -0.003010
Prev. Close Volume Bid Ask Time
1.654005 1.650960 1.651030 2020-08-14 06:20:00
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