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.
MarketClub’s Trade Triangles for SDREUR
The long term trend has been DOWN since Dec 30th, 2019 at 1.2335019
The intermediate term trend has been UP since Jan 8th, 2020 at 1.2433172
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).