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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2025.

Special drawing rights/Euro (FOREX:XDREUR)

Sidelines Mode (+55) - XDREUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.2589702 1.2589702 1.2589702 1.2589702 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDREUR

long term up The long-term trend has been UP since Oct 10th, 2024 at 1.2272950

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2025 at 1.2664640

short term down The short-term trend has been DOWN since Jan 19th, 2025 at 1.2607161

Smart Scan Analysis for XDREUR

Based on our trend formula, XDREUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for XDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2589702 1.2589702 1.2589702 1.2589702 0.0000000
Prev. Close Volume Bid Ask Time
1.2569130 2025-01-19 11:30:04
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