Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Euro/Special drawing rights (FOREX:EURXDR)
Strong Downtrend (-100) - EURXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for EURXDR
The long-term trend has been DOWN since Mar 5th, 2021 at 0.8352
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.8260
The short-term trend has been DOWN since Sep 27th, 2021 at 0.8254
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).