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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/ (FOREX:USDRSD)
Bull Market Weakness (+75) - USDRSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDRSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDRSD.
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 USDRSD
The long-term trend has been UP since Apr 12th, 2024 at 109.543
The intermediate-term trend has been UP since Mar 27th, 2024 at 108.178
The short-term trend has been UP since May 8th, 2024 at 109.084
Smart Scan Analysis for USDRSD
Based on our trend formula, USDRSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 108.96300 | 109.23500 | 108.95423 | 109.11600 | +0.15300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 108.96300 | 2024-05-09 06:29:17 |