Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

Euro/ (FOREX:EURRSD)

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.

FOREX_EURRSD
Open High Low EURRSD Price Change
117.608 117.619 117.527 117.611 +0.003
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term up The long-term trend has been UP since Jul 6th, 2020 at 118.059

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2020 at 117.452

short term down 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).

+60
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.608 117.619 117.527 117.611 +0.003
Prev. Close Volume Bid Ask Time
117.608 117.486 117.736 2020-08-14 06:10:30
Get a free daily analysis and signals for Euro/ (EURRSD) - Request Your Free Report.