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.
MarketClub’s Trade Triangles for EUO
The long-term trend has been DOWN since Jul 15th, 2020 at 25.921
The intermediate-term trend has been UP since Sep 21st, 2020 at 24.353
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).