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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
US Dollar/Euro (FOREX:USDEUR)
Weak Uptrend (+65) - USDEUR is showing signs of weakening momentum to the upside. Monitor 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.
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MarketClub’s Trade Triangles for USDEUR
The long-term trend has been UP since Apr 12th, 2024 at 0.935015
The intermediate-term trend has been UP since Mar 27th, 2024 at 0.922950
The short-term trend has been DOWN since May 2nd, 2024 at 0.931400
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.931530 | 0.932440 | 0.924880 | 0.928805 | -0.002725 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.931530 | 2024-05-03 14:29:19 |