Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Euro/Australian Dollar (FOREX:EURAUD)
Bear Market Rally (-75) - EURAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURAUD as it may be in the beginning of a reversal.
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 Nov 24th, 2020 at 1.612605
The intermediate-term trend has been UP since Apr 7th, 2021 at 1.560590
The short-term trend has been DOWN since Apr 14th, 2021 at 1.559090
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).