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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Special Drawing Right/Euro (FOREX:SDREUR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_SDREUR
Open High Low SDREUR Price Change
1.2434718 1.2434718 1.2434718 1.2434718 0.0000000
Entry Signal

MarketClub’s Trade Triangles for SDREUR

long term down The long term trend has been DOWN since Dec 30th, 2019 at 1.2335019

intermediate term up The intermediate term trend has been UP since Jan 8th, 2020 at 1.2433172

short term up The short term trend has been UP since Jan 2nd, 2020 at 1.2331977

Smart Scan Analysis for SDREUR

Based on a pre-defined weighted trend formula for chart analysis, SDREUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2434718 1.2434718 1.2434718 1.2434718 0.0000000
Prev. Close Volume Bid Ask Time
1.2434718 1.2434718 1.2434718 2020-01-12 13:08:57
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