Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Special drawing rights/Euro (FOREX:XDREUR)
Strong Downtrend (-100) - XDREUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for XDREUR
The long-term trend has been DOWN since Mar 24th, 2020 at 1.2431626
The intermediate-term trend has been DOWN since May 19th, 2020 at 1.2525050
The short-term trend has been DOWN since May 26th, 2020 at 1.2428536
Smart Scan Analysis for XDREUR
Based on our trend formula, XDREUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).