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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Euro/US Dollar (FOREX:EURUSD)

Strong Downtrend (-100) - EURUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURUSD continues to fall. Traders should use caution 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
1.06715 1.06715 1.06715 1.06715 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 1.069500

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.083055

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 1.082105

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.06715 1.06715 1.06715 1.06715 0.00000
Prev. Close Volume Bid Ask Time
1.06715 2024-04-13 09:47:24
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