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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Euro/Special Drawing Right (FOREX:EURSDR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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.

FOREX_EURSDR
Open High Low EURSDR Price Change
0.8259 0.8259 0.8259 0.8259 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURSDR

long term up The long term trend has been UP since Sep 23rd, 2018 at 0.8366

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2018 at 0.8295

short term down The short term trend has been DOWN since Sep 27th, 2018 at 0.8372

Smart Scan Analysis for EURSDR

Based on a pre-defined weighted trend formula for chart analysis, EURSDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8259 0.8259 0.8259 0.8259 0.0000
Prev. Close Volume Bid Ask Time
0.8259 0.8259 0.8259 2018-10-18 21:29:57
Want to analyze Euro/Special Drawing Right EURSDR or another symbol? Try our Free Forex Trend Analysis Report.