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Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

Euro/Special Drawing Right (FOREX:EURSDR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_EURSDR
Open High Low EURSDR Price Change
0.8294 0.8294 0.8294 0.8294 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURSDR

long term down The long term trend has been DOWN since Apr 25th, 2018 at 0.8468

intermediate term down The intermediate term trend has been DOWN since Jul 29th, 2018 at 0.8276

short term up The short term trend has been UP since Aug 21st, 2018 at 0.8220

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).

-55
Smart Scan Analysis for EURSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8294 0.8294 0.8294 0.8294 0.0000
Prev. Close Volume Bid Ask Time
0.8294 0.8294 0.8294 2018-08-21 21:24:24
Want to analyze Euro/Special Drawing Right EURSDR or another symbol? Try our Free Forex Trend Analysis Report.