Tuesday, November 24, 2020

Edward, EURUSD Analysis +75

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Forex Trend Analysis Report

Prepared for Edward on Tuesday, November 24, 2020.

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Euro/US Dollar (FOREX:EURUSD)

Bull Market Weakness (+75) - EURUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURUSD as it may be in the beginning stages 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. Our Trade Triangles Technology make technical analysis as easy as buy and sell.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.185270 1.189300 1.184645 1.187000 +0.001730
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 Nov 6th, 2020 at 1.18795000
short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 1.18174000

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD scored +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
1.185270 1.189300 1.184645 1.187000 0.001730
Prev. Close Volume Bid Ask Time
1.185270 2020-11-24 08:45:55

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