Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Euro/Special Drawing Right (FOREX:EURSDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSDR
The long term trend has been DOWN since Aug 1st, 2019 at 0.8074
The intermediate term trend has been UP since Sep 13th, 2019 at 0.8083
The short term trend has been DOWN since Sep 16th, 2019 at 0.8083
Smart Scan Analysis for EURSDR
Based on a pre-defined weighted trend formula for chart analysis, EURSDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).