Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.12892 1.12915 1.12814 1.12842 -0.00050
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Aug 8th, 2021 at 1.175255

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2021 at 1.152455

short term up The short-term trend has been UP since Nov 26th, 2021 at 1.127450

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).

-85
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.12892 1.12915 1.12814 1.12842 -0.00050
Prev. Close Volume Bid Ask Time
1.12892 2021-12-06 01:39:41
Get a free daily analysis and signals for Euro/US Dollar (EURUSD) - Request Your Free Report.