Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
US Dollar/Euro (FOREX:USDEUR)
Bull Market Weakness (+75) - USDEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDEUR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Aug 8th, 2021 at 0.8508825
The intermediate-term trend has been UP since Sep 19th, 2021 at 0.8530000
The short-term trend has been DOWN since Oct 13th, 2021 at 0.8631750
Smart Scan Analysis for USDEUR
Based on our trend formula, USDEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).