Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
US Dollar/Euro (FOREX:USDEUR)
Strong Downtrend (-100) - USDEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 14th, 2020 at 0.875555
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.821659
The short-term trend has been DOWN since Feb 22nd, 2021 at 0.823350
Smart Scan Analysis for USDEUR
Based on our trend formula, USDEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).