Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
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, XDREUR 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 Nov 16th, 2023 at 1.2180268
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 1.2356357
The short-term trend has been DOWN since Oct 24th, 2023 at 1.2356357
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).