Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
Euro/Special drawing rights (FOREX:EURXDR)
Crossroads (-60) - EURXDR is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for EURXDR
The long-term trend has been DOWN since Mar 5th, 2021 at 0.8352
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.8325
The short-term trend has been UP since Apr 6th, 2021 at 0.8282
Smart Scan Analysis for EURXDR
Based on our trend formula, EURXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).