Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/US Dollar (FOREX:EURUSD)
Bear Market Rally (-75) - EURUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURUSD as it may be in the beginning of a reversal.
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 DOWN since Sep 14th, 2023 at 1.066175
The intermediate-term trend has been UP since Oct 23rd, 2023 at 1.063950
The short-term trend has been DOWN since Nov 30th, 2023 at 1.092600
Smart Scan Analysis for EURUSD
Based on our trend formula, EURUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).