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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.073000 1.074350 1.070550 1.071235 -0.001765
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long-term trend has been UP since Nov 11th, 2022 at 1.03680

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2023 at 1.09097

short term down The short-term trend has been DOWN since May 9th, 2023 at 1.09695

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).

-60
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.073000 1.074350 1.070550 1.071235 -0.001765
Prev. Close Volume Bid Ask Time
1.073000 2023-05-29 12:05:44
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