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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.

FOREX_SDREUR
Open High Low SDREUR Price Change
1.2393 1.2393 1.2393 1.2393 0.0000
Entry Signal

MarketClub’s Trade Triangles for SDREUR

long term up The long term trend has been UP since Aug 1st, 2019 at 1.2385

intermediate term down The intermediate term trend has been DOWN since Aug 11th, 2019 at 1.2291

short term up 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).

+55
Smart Scan Analysis for SDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2393 1.2393 1.2393 1.2393 0.0000
Prev. Close Volume Bid Ask Time
1.2393 1.2393 1.2393 2019-08-23 08:49:22
Want to analyze Special Drawing Right/Euro SDREUR or another symbol? Try our Free Forex Trend Analysis Report.