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.
MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Mar 4th, 2021 at 0.8366450
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 0.8369252
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).