Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Special drawing rights/Euro (FOREX:XDREUR)
Countertrend Up (+85) - XDREUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 5th, 2021 at 1.1973180
The intermediate-term trend has been UP since Aug 15th, 2022 at 1.2956725
The short-term trend has been UP since Aug 15th, 2022 at 1.2903226
Smart Scan Analysis for XDREUR
Based on our trend formula, XDREUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).