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.
MarketClub’s Trade Triangles for EURUSD
The long-term trend has been DOWN since Mar 19th, 2020 at 1.077835
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 1.080785
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).