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.
MarketClub’s Trade Triangles for XDREUR
The long-term trend has been DOWN since Mar 24th, 2020 at 1.2431626
The intermediate-term trend has been UP since Jan 18th, 2021 at 1.1810559
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).