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.
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 Jan 22nd, 2019 at 0.8156
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).