Friday, August 28, 2020

Edward, EURUSD Analysis +90

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Forex Trend Analysis Report

Prepared for Edward on Friday, August 28, 2020.

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Euro/US Dollar (FOREX:EURUSD)

Long-Term Uptrend (+90) - EURUSD is in a strong uptrend that is likely to continue. While EURUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.185045 1.191905 1.185040 1.189015 +0.003970
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 +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.185045 1.191905 1.185040 1.189015 0.003970
Prev. Close Volume Bid Ask Time
1.185045 1.188980 1.189050 2020-08-28 13:04:23

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