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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Special drawing rights/Euro (FOREX:XDREUR)

Long-Term Downtrend (-90) - XDREUR is in a strong downtrend that is likely to continue. While XDREUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.2181752 1.2181752 1.2181752 1.2181752 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDREUR

long term down The long-term trend has been DOWN since May 16th, 2024 at 1.2177302

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2024 at 1.2253400

short term down The short-term trend has been DOWN since May 8th, 2024 at 1.2294074

Smart Scan Analysis for XDREUR

Based on our trend formula, XDREUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for XDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2181752 1.2181752 1.2181752 1.2181752 0.0000000
Prev. Close Volume Bid Ask Time
1.2181752 2024-05-21 21:51:51
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