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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Special drawing rights/Euro (FOREX:XDREUR)
Weak Uptrend (+65) - XDREUR is showing signs of weakening momentum to the upside. Monitor XDREUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XDREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDREUR.
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 XDREUR
The long-term trend has been UP since Feb 5th, 2024 at 1.2345679
The intermediate-term trend has been UP since Apr 14th, 2024 at 1.2322859
The short-term trend has been DOWN since May 8th, 2024 at 1.2294074
Smart Scan Analysis for XDREUR
Based on our trend formula, XDREUR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2292563 | 1.2292563 | 1.2292563 | 1.2292563 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2292563 | 2024-05-08 21:02:50 |