Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
PHLX EUR CURRENCY INDEX (NASDAQ:XDE)
Bull Market Weakness (+75) - XDE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDE as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XDE?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XDE
The long-term trend has been UP since Jul 15th, 2020 at 114.25
The intermediate-term trend has been UP since May 1st, 2020 at 109.88
The short-term trend has been DOWN since Aug 10th, 2020 at 117.55
Smart Scan Analysis for XDE
Based on our trend formula, XDE is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||125.37||52wk High Date||2018-01-25|
|52wk Low||112.16||52wk Low Date||2018-11-12|