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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for EURXDR
The long-term trend has been UP since May 16th, 2024 at 0.8212
The intermediate-term trend has been UP since Jul 7th, 2024 at 0.8204
The short-term trend has been DOWN since Jul 21st, 2024 at 0.8221
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8188 | 0.8188 | 0.8188 | 0.8188 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8188 | 2024-07-26 14:00:16 |