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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Euro/Special drawing rights (FOREX:EURXDR)

Countertrend Up (+85) - EURXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.8189 0.8189 0.8189 0.8189 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURXDR

long term up The long-term trend has been UP since May 16th, 2024 at 0.8212

intermediate term up The intermediate-term trend has been UP since May 12th, 2024 at 0.8161

short term down The short-term trend has been DOWN since May 23rd, 2024 at 0.8209

Smart Scan Analysis for EURXDR

Based on our trend formula, EURXDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8189 0.8189 0.8189 0.8189 0.0000
Prev. Close Volume Bid Ask Time
0.8208 2024-05-26 21:00:24
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