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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Special drawing rights/Euro (FOREX:XDREUR)
Bull Market Weakness (+75) - XDREUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDREUR as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for XDREUR
The long-term trend has been UP since Oct 10th, 2024 at 1.2272950
The intermediate-term trend has been UP since Nov 7th, 2024 at 1.2339585
The short-term trend has been UP since Nov 7th, 2024 at 1.2309207
Smart Scan Analysis for XDREUR
Based on our trend formula, XDREUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2468828 | 1.2468828 | 1.2468828 | 1.2468828 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2468828 | 2024-11-18 13:11:45 |