Monday, February 8, 2021

Edward, EURUSD Analysis -55

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Forex Trend Analysis Report

Prepared for Edward on Monday, February 8, 2021.

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

FOREX_EURUSD
Open High Low EURUSD Price Change
1.203475 1.204825 1.202050 1.202400 -0.001075
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 down The intermediate-term trend has been DOWN since Feb 2nd, 2021 at 1.20538000
short term up The short-term trend has been UP since Feb 7th, 2021 at 1.20505000

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD scored -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
1.203475 1.204825 1.202050 1.202400 -0.001075
Prev. Close Volume Bid Ask Time
1.203475 2021-02-08 08:32:38

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