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Forex Trend Analysis Report
Prepared for you on Thursday, October 29, 2020.
Euro/US Dollar (FOREX:EURUSD)
Crossroads (-60) - EURUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 14th, 2020 at 1.142155
The intermediate-term trend has been DOWN since Oct 29th, 2020 at 1.168950
The short-term trend has been DOWN since Oct 27th, 2020 at 1.179150
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.17523 | 1.17590 | 1.16503 | 1.16750 | -0.00773 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.17523 | 2020-10-29 16:09:15 |