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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Bear Market Rally (-75) - CADXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADXDR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CADXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADXDR.
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 CADXDR
The long-term trend has been DOWN since Mar 20th, 2024 at 0.55345826
The intermediate-term trend has been UP since Apr 28th, 2024 at 0.55726143
The short-term trend has been DOWN since May 1st, 2024 at 0.55459308
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.5514357 | 0.5514357 | 0.5514357 | 0.5514357 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.5514357 | 2024-05-08 21:02:50 |