Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Crossroads (+60) - EURRSD 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 EURRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURRSD
The long-term trend has been UP since Jul 6th, 2020 at 118.059
The intermediate-term trend has been DOWN since Aug 12th, 2020 at 117.452
The short-term trend has been DOWN since Aug 11th, 2020 at 117.529
Smart Scan Analysis for EURRSD
Based on our trend formula, EURRSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).