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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

Special Drawing Right/US Dollar (FOREX:SDRUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_SDRUSD
Open High Low SDRUSD Price Change
1.4033 1.4035 1.4033 1.4035 +0.0002
Entry Signal

MarketClub’s Trade Triangles for SDRUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.4416

intermediate term up The intermediate term trend has been UP since Sep 23rd, 2018 at 1.3999

short term up The short term trend has been UP since Sep 18th, 2018 at 1.3979

Smart Scan Analysis for SDRUSD

Based on a pre-defined weighted trend formula for chart analysis, SDRUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SDRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4033 1.4035 1.4033 1.4035 +0.0002
Prev. Close Volume Bid Ask Time
1.4033 1.4035 1.4035 2018-09-24 19:06:51
Want to analyze Special Drawing Right/US Dollar SDRUSD or another symbol? Try our Free Forex Trend Analysis Report.