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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Euro/Special drawing rights (FOREX:EURXDR)

Sidelines Mode (+55) - EURXDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_EURXDR
Open High Low EURXDR Price Change
0.8188 0.8188 0.8188 0.8188 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURXDR

long term up The long-term trend has been UP since Nov 16th, 2023 at 0.8210

intermediate term up The intermediate-term trend has been UP since Oct 24th, 2023 at 0.8093

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 0.8198

Smart Scan Analysis for EURXDR

Based on our trend formula, EURXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8188 0.8188 0.8188 0.8188 0.0000
Prev. Close Volume Bid Ask Time
0.8158 2023-12-02 06:46:37
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