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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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.17190 1.18132 1.17113 1.17930 +0.00740
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 1.142155

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 1.099110

short term down 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).

+85
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.17190 1.18132 1.17113 1.17930 +0.00740
Prev. Close Volume Bid Ask Time
1.17190 1.17910 1.17950 2020-08-12 20:02:46
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