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Forex Trend Analysis Report

Prepared for you on Saturday, May 15, 2021.

Euro/US Dollar (FOREX:EURUSD)

Sidelines Mode (-55) - EURUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.21449 1.21449 1.21449 1.21449 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 1.192205

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1.199425

short term down The short-term trend has been DOWN since May 12th, 2021 at 1.212175

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.21449 1.21449 1.21449 1.21449 0.00000
Prev. Close Volume Bid Ask Time
1.21449 2021-05-15 16:28:46
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