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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

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
0.918650 0.920350 0.916800 0.919685 +0.001035
Entry Signal

MarketClub’s Trade Triangles for USDEUR

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 0.907675

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.918390

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.917210

Smart Scan Analysis for USDEUR

Based on our trend formula, USDEUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.918650 0.920350 0.916800 0.919685 +0.001035
Prev. Close Volume Bid Ask Time
0.918650 2024-03-18 23:00:59
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