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Forex Trend Analysis Report

Prepared for you on Wednesday, October 21, 2020.

Euro/Special drawing rights (FOREX:EURXDR)

Sidelines Mode (+55) - EURXDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EURXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURXDR
Open High Low EURXDR Price Change
0.8337 0.8337 0.8337 0.8337 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURXDR

long term up The long-term trend has been UP since Mar 24th, 2020 at 0.8044

intermediate term down The intermediate-term trend has been DOWN since Sep 25th, 2020 at 0.8373

short term up The short-term trend has been UP since Oct 19th, 2020 at 0.8302

Smart Scan Analysis for EURXDR

Based on our trend formula, EURXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8337 0.8337 0.8337 0.8337 0.0000
Prev. Close Volume Bid Ask Time
0.8351 2020-10-19 07:17:27
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