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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Euro/Special Drawing Right (FOREX:EURSDR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

Open High Low EURSDR Price Change
0.8138 0.8138 0.8138 0.8138 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURSDR

long term down The long term trend has been DOWN since Nov 5th, 2018 at 0.8179

intermediate term down The intermediate term trend has been DOWN since Jan 22nd, 2019 at 0.8156

short term up The short term trend has been UP since Feb 18th, 2019 at 0.8136

Smart Scan Analysis for EURSDR

Based on a pre-defined weighted trend formula for chart analysis, EURSDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8138 0.8138 0.8138 0.8138 0.0000
Prev. Close Volume Bid Ask Time
0.8138 0.8138 0.8138 2019-02-19 20:50:43
Want to analyze Euro/Special Drawing Right EURSDR or another symbol? Try our Free Forex Trend Analysis Report.