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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Sidelines Mode (-50) - AUDXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDXDR can gain momentum.
Is it time to buy, sell, or avoid AUDXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AUDXDR
The long-term trend has been UP since Nov 28th, 2023 at 0.49371685
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.49044345
The short-term trend has been DOWN since May 1st, 2024 at 0.49379042
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.4975733 | 0.4975733 | 0.4975733 | 0.4975733 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.4975733 | 2024-05-08 21:02:50 |