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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.

FOREX_XDREUR
Open High Low XDREUR Price Change
1.2425447 1.2425447 1.2425447 1.2425447 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDREUR

long term down The long-term trend has been DOWN since Mar 24th, 2020 at 1.2431626

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 1.2525050

short term down 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).

-100
Smart Scan Analysis for XDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2425447 1.2425447 1.2425447 1.2425447 0.0000000
Prev. Close Volume Bid Ask Time
1.2353305 1.2425447 1.2425447 2020-05-26 07:14:38
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