Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Euro/Special Drawing Right (FOREX:EURSDR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSDR
The long term trend has been DOWN since Nov 5th, 2018 at 0.8179
The intermediate term trend has been UP since Nov 19th, 2018 at 0.8258
The short term trend has been DOWN since Dec 6th, 2018 at 0.8194
Smart Scan Analysis for EURSDR
Based on a pre-defined weighted trend formula for chart analysis, EURSDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).