2013.11.26 | EURUSD Market Analysis | Trend within a Trend
EURUSD Trends & Fibonacci Retracement Levels
The EURUSD currency pair has been gaining in forex market trading today with the EURUSD registering a high of 1.35706 and a low of 1.35146 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over the linear 21 period short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend with prices finding support in the 1.3500 area.
EURUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 86.3 pips
30-day current trend is BEARISH / Trend strength of -272.1 pips
60-day current trend is BULLISH / Trend strength of 248.4 pips
90-day current trend is BULLISH / Trend strength of 390.1 pips
180-day current trend is BULLISH / Trend strength of 746.3 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 1.38317
— 0.236 – 1.35775
— 0.382 – 1.34202
— 0.500 – 1.32931
— 0.618 – 1.31660
— 0.764 – 1.30087
— 1.000 – 1.27545
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
