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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.

FOREX_EURXDR
Open High Low EURXDR Price Change
0.8046 0.8046 0.8046 0.8046 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURXDR

long term up The long-term trend has been UP since Mar 24th, 2020 at 0.8044

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 0.7984

short term up 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).

+70
Smart Scan Analysis for EURXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8046 0.8046 0.8046 0.8046 0.0000
Prev. Close Volume Bid Ask Time
0.7982 0.8046 0.8046 2020-05-21 21:08:21
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