Monday, August 31, 2020

Edward, EURUSD Analysis +100

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Forex Trend Analysis Report

Prepared for Edward on Monday, August 31, 2020.

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Euro/US Dollar (FOREX:EURUSD)

Strong Uptrend (+100) - EURUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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. Our Trade Triangles Technology make technical analysis as easy as buy and sell.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.19102 1.19615 1.18853 1.19467 +0.00365
Entry Signal

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MarketClub’s Trade Triangles for EURUSD

long-term up The long-term trend has been UP since Jul 14th, 2020 at 1.14215500
intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 1.09911000
short term up The short-term trend has been UP since Aug 28th, 2020 at 1.18978500

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.19102 1.19615 1.18853 1.19467 0.00365
Prev. Close Volume Bid Ask Time
1.19102 1.19466 1.19468 2020-08-31 11:55:44

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