Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Euro/US Dollar (FOREX:EURUSD)

Countertrend Down (-85) - EURUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.086750 1.088950 1.084120 1.085955 -0.000795
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 1.077835

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.080785

short term up The short-term trend has been UP since Apr 7th, 2020 at 1.085150

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
1.086750 1.088950 1.084120 1.085955 -0.000795
Prev. Close Volume Bid Ask Time
1.086750 1.085940 1.085970 2020-04-09 07:34:12
Get a free daily analysis and signals for Euro/US Dollar (EURUSD) - Request Your Free Report.