Forex Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
Euro/US Dollar (FOREX:EURUSD)
Strong Downtrend (-100) - EURUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURUSD continues to fall. Traders should use caution and set stops.
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 Aug 8th, 2021 at 1.175255
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 1.050680
The short-term trend has been DOWN since Jun 28th, 2022 at 1.051445
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).