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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
US Dollar/Euro (FOREX:USDEUR)
Sidelines Mode (+55) - USDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDEUR.
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 USDEUR
The long-term trend has been UP since Nov 5th, 2024 at 0.929275
The intermediate-term trend has been DOWN since Jan 24th, 2025 at 0.956145
The short-term trend has been UP since Jan 28th, 2025 at 0.959250
Smart Scan Analysis for USDEUR
Based on our trend formula, USDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.963570 | 0.964005 | 0.963450 | 0.963635 | +0.000065 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.963570 | 2025-02-05 01:04:51 |