Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Euro/Special drawing rights (FOREX:EURXDR)
Countertrend Up (+85) - EURXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 5th, 2020 at 0.8343
The short-term trend has been UP since Nov 23rd, 2020 at 0.8343
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).