Thursday, December 10, 2020

Edward, EURUSD Analysis +85

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Forex Trend Analysis Report

Prepared for Edward on Thursday, December 10, 2020.

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Euro/US Dollar (FOREX:EURUSD)

Countertrend Up (+85) - EURUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
1.209935 1.212540 1.208210 1.210850 +0.000915
Entry Signal

Know when to ride the trend and when to capture profits - Learn about MarketClub's Trade Triangle Technology

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 Dec 7th, 2020 at 1.21011000

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.209935 1.212540 1.208210 1.210850 0.000915
Prev. Close Volume Bid Ask Time
1.209935 2020-12-10 08:33:53

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