Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Euro/Special drawing rights (FOREX:EURXDR)
Bull Market Weakness (+75) - EURXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURXDR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURXDR
The long-term trend has been UP since Mar 24th, 2020 at 0.8044
The intermediate-term trend has been UP since May 19th, 2020 at 0.7984
The short-term trend has been UP since May 19th, 2020 at 0.7978
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).