Free Daily Analysis

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.

FOREX_EURAUD
Open High Low EURAUD Price Change
1.5506735 1.5506735 1.5506439 1.5506439 -0.0000300
Entry Signal

MarketClub’s Trade Triangles for EURAUD

long term down The long-term trend has been DOWN since Nov 24th, 2020 at 1.612605

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 1.560590

short term down 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).

-75
Smart Scan Analysis for EURAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5506735 1.5506735 1.5506439 1.5506439 -0.0000300
Prev. Close Volume Bid Ask Time
1.5506735 2021-05-09 05:54:33
Get a free daily analysis and signals for Euro/Australian Dollar (EURAUD) - Request Your Free Report.