Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Special Drawing Right/Euro (FOREX:SDREUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SDREUR
The long term trend has been UP since Aug 1st, 2019 at 1.2385
The intermediate term trend has been DOWN since Aug 11th, 2019 at 1.2291
The short term trend has been UP since Aug 18th, 2019 at 1.2305
Smart Scan Analysis for SDREUR
Based on a pre-defined weighted trend formula for chart analysis, SDREUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).