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Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

Special Drawing Right/Euro (FOREX:SDREUR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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
1.2339585 1.2339585 1.2339585 1.2339585 0.0000000
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 Oct 13th, 2019 at 1.2416

short term down The short term trend has been DOWN since Oct 13th, 2019 at 1.2444

Smart Scan Analysis for SDREUR

Based on a pre-defined weighted trend formula for chart analysis, SDREUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2339585 1.2339585 1.2339585 1.2339585 0.0000000
Prev. Close Volume Bid Ask Time
1.2339585 1.2339585 1.2339585 2019-10-17 20:06:25
Want to analyze Special Drawing Right/Euro SDREUR or another symbol? Try our Free Forex Trend Analysis Report.