Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Special drawing rights (FOREX:EURXDR)
Weak Downtrend (-65) - EURXDR is showing signs of a strengthening downtrend. Monitor EURXDR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURXDR
The long-term trend has been DOWN since Feb 5th, 2024 at 0.8100
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.8115
The short-term trend has been UP since May 8th, 2024 at 0.8134
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8135 | 0.8135 | 0.8135 | 0.8135 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8135 | 2024-05-08 21:02:50 |
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