Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Euro/US Dollar (FOREX:EURUSD)
Bull Market Weakness (+75) - EURUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURUSD
The long-term trend has been DOWN since Mar 5th, 2021 at 1.192205
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.199425
The short-term trend has been UP since Apr 19th, 2021 at 1.199425
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).