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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.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.07735 1.07735 1.07735 1.07735 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 1.066175

intermediate term up The intermediate-term trend has been UP since Oct 23rd, 2023 at 1.063950

short term down 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).

-75
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.07735 1.07735 1.07735 1.07735 0.00000
Prev. Close Volume Bid Ask Time
1.07735 2023-12-09 00:25:47
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