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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Special Drawing Right/US Dollar (FOREX:SDRUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_SDRUSD
Open High Low SDRUSD Price Change
1.4111 1.4111 1.4111 1.4111 0.0000
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 down The intermediate term trend has been DOWN since Jun 24th, 2018 at 1.4116

short term up The short term trend has been UP since Jul 4th, 2018 at 1.4074

Smart Scan Analysis for SDRUSD

Based on a pre-defined weighted trend formula for chart analysis, SDRUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for SDRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4111 1.4111 1.4111 1.4111 0.0000
Prev. Close Volume Bid Ask Time
1.4111 1.4111 1.4111 2018-07-15 20:25:56
Want to analyze Special Drawing Right/US Dollar SDRUSD or another symbol? Try our Free Forex Trend Analysis Report.