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Index Trend Analysis Report

Prepared for you on Tuesday, September 22, 2020.

ProShares UltraShort Euro (GIF:EUO)

Crossroads (+60) - EUO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EUO?

MarketClub looks at technical strength and momentum to determine if the timing is right for EUO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_EUO
Open High Low EUO Price Change
23.984 24.477 23.984 24.327 +0.303
Entry Signal

MarketClub’s Trade Triangles for EUO

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 25.921

intermediate term up The intermediate-term trend has been UP since Sep 21st, 2020 at 24.353

short term up The short-term trend has been UP since Sep 3rd, 2020 at 24.090

Smart Scan Analysis for EUO

Based on our trend formula, EUO is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EUO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.984 24.477 23.984 24.327 +0.303
Prev. Close Volume Bid Ask Time
24.022 0 2020-09-21 16:28:37
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