Forex Trend Analysis Report
Prepared for you on Monday, May 29, 2023.
Euro/US Dollar (FOREX:EURUSD)
Weak Downtrend (-65) - EURUSD is showing signs of a strengthening downtrend. Monitor EURUSD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURUSD
The long-term trend has been UP since Nov 11th, 2022 at 1.03680
The intermediate-term trend has been DOWN since May 11th, 2023 at 1.09097
The short-term trend has been DOWN since May 9th, 2023 at 1.09695
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).