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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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.17523 1.17590 1.16503 1.16750 -0.00773
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term up The long-term trend has been UP since Jul 14th, 2020 at 1.142155

intermediate term down The intermediate-term trend has been DOWN since Oct 29th, 2020 at 1.168950

short term down 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).

-60
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways 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
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