Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

US Dollar/Euro (FOREX:USDEUR)

Weak Downtrend (-65) - USDEUR is showing signs of a strengthening downtrend. Monitor USDEUR as it may be building momentum to the downside.

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.

FOREX_USDEUR
Open High Low USDEUR Price Change
0.833325 0.833445 0.828466 0.829300 -0.004025
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term up The long-term trend has been UP since Mar 4th, 2021 at 0.8366450

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2021 at 0.8369252

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.8336460

Smart Scan Analysis for USDEUR

Based on our trend formula, USDEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.833325 0.833445 0.828466 0.829300 -0.004025
Prev. Close Volume Bid Ask Time
0.833325 2021-05-06 15:31:37
Get a free daily analysis and signals for US Dollar/Euro (USDEUR) - Request Your Free Report.