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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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.212315 1.214450 1.211550 1.213405 +0.001090
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 1.192205

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1.199425

short term up 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).

+70
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.212315 1.214450 1.211550 1.213405 +0.001090
Prev. Close Volume Bid Ask Time
1.212315 2021-05-12 04:35:33
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