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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Euro/ (FOREX:EURSDG)

Countertrend Up (+85) - EURSDG is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid EURSDG?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURSDG.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURSDG
Open High Low EURSDG Price Change
470.38213 470.38213 470.38213 470.38213 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURSDG

long term up The long-term trend has been UP since Nov 6th, 2020 at 65.549783

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2021 at 454.320220

short term up The short-term trend has been UP since Apr 15th, 2021 at 448.130250

Smart Scan Analysis for EURSDG

Based on our trend formula, EURSDG is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURSDG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
470.38213 470.38213 470.38213 470.38213 0.00000
Prev. Close Volume Bid Ask Time
470.38213 2021-05-05 10:13:07
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