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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for EURUSD
The long-term trend has been DOWN since Nov 5th, 2024 at 1.076170
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 1.100200
The short-term trend has been UP since Nov 18th, 2024 at 1.059175
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.059215 | 1.059650 | 1.055810 | 1.055845 | -0.003370 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.059215 | 2024-11-20 04:35:22 |