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Forex Trend Analysis Report

Prepared for you on Sunday, January 24, 2021.

Special drawing rights/Euro (FOREX:XDREUR)

Crossroads (-60) - XDREUR 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 XDREUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDREUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDREUR
Open High Low XDREUR Price Change
1.1845534 1.1845534 1.1845534 1.1845534 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDREUR

long term down The long-term trend has been DOWN since Mar 24th, 2020 at 1.2431626

intermediate term up The intermediate-term trend has been UP since Jan 18th, 2021 at 1.1810559

short term up The short-term trend has been UP since Jan 5th, 2021 at 1.1759172

Smart Scan Analysis for XDREUR

Based on our trend formula, XDREUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for XDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1845534 1.1845534 1.1845534 1.1845534 0.0000000
Prev. Close Volume Bid Ask Time
1.1845534 2021-01-22 07:17:54
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