Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Special drawing rights/Euro (FOREX:XDREUR)

Bear Market Rally (-75) - XDREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDREUR as it may be in the beginning of a reversal.

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
1.2211503 1.2211503 1.2211503 1.2211503 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDREUR

long term down The long-term trend has been DOWN since May 16th, 2024 at 1.2177302

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 1.2233912

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 1.2263920

Smart Scan Analysis for XDREUR

Based on our trend formula, XDREUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for XDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2211503 1.2211503 1.2211503 1.2211503 0.0000000
Prev. Close Volume Bid Ask Time
1.2211503 2024-06-13 07:24:55
Get a free daily analysis and signals for Special drawing rights/Euro (XDREUR) - Request Your Free Report.