Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Euro/US Dollar (FOREX:EURUSD)
Countertrend Up (+85) - EURUSD 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 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 UP since Jul 14th, 2020 at 1.142155
The intermediate-term trend has been UP since May 1st, 2020 at 1.099110
The short-term trend has been DOWN since Aug 10th, 2020 at 1.175550
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).