Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Euro/Australian Dollar (FOREX:EURAUD)
Sidelines Mode (+55) - EURAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jan 30th, 2020 at 1.643250
The intermediate-term trend has been UP since Feb 26th, 2020 at 1.659750
The short-term trend has been DOWN since Mar 20th, 2020 at 1.803835
Smart Scan Analysis for EURAUD
Based on our trend formula, EURAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).