Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Euro/Special Drawing Right (FOREX:EURSDR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 Nov 5th, 2018 at 0.8179
The intermediate term trend has been DOWN since Apr 28th, 2019 at 0.8106
The short term trend has been UP since May 16th, 2019 at 0.8106
Smart Scan Analysis for EURSDR
Based on a pre-defined weighted trend formula for chart analysis, EURSDR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).