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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Euro/Special drawing rights (FOREX:EURXDR)
Bear Market Rally (-75) - EURXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURXDR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for EURXDR
The long-term trend has been DOWN since Feb 5th, 2024 at 0.8100
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.8115
The short-term trend has been UP since Apr 18th, 2024 at 0.8084
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8112 | 0.8112 | 0.8112 | 0.8112 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8112 | 2024-04-18 07:26:29 |