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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Special drawing rights/Euro (FOREX:XDREUR)

Countertrend Up (+85) - XDREUR 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 XDREUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDREUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDREUR
Open High Low XDREUR Price Change
1.2981955 1.2981955 1.2981955 1.2981955 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDREUR

long term up The long-term trend has been UP since Mar 5th, 2021 at 1.1973180

intermediate term up The intermediate-term trend has been UP since Aug 15th, 2022 at 1.2956725

short term up The short-term trend has been UP since Aug 15th, 2022 at 1.2903226

Smart Scan Analysis for XDREUR

Based on our trend formula, XDREUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for XDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2981955 1.2981955 1.2981955 1.2981955 0.0000000
Prev. Close Volume Bid Ask Time
1.2981955 2022-08-15 07:20:10
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