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.
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 Oct 13th, 2019 at 1.2416
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).