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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Special drawing rights (FOREX:EURXDR)
Long-Term Downtrend (-90) - EURXDR is in a strong downtrend that is likely to continue. While EURXDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 10th, 2024 at 0.8148
The intermediate-term trend has been DOWN since Nov 7th, 2024 at 0.8104
The short-term trend has been DOWN since Nov 7th, 2024 at 0.8124
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.802 | 0.802 | 0.802 | 0.802 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.802 | 2024-11-18 13:11:45 |