Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Euro/Special Drawing Right (FOREX:EURSDR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 23rd, 2019 at 0.8068
The short term trend has been DOWN since Nov 6th, 2019 at 0.8087
Smart Scan Analysis for EURSDR
Based on a pre-defined weighted trend formula for chart analysis, EURSDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).