Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
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 Nov 14th, 2022 at 0.7824
The intermediate-term trend has been UP since Mar 17th, 2023 at 0.8007
The short-term trend has been UP since Feb 21st, 2023 at 0.8004
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).