Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Special drawing rights (FOREX:USDXDR)
Bull Market Weakness (+75) - USDXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDXDR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDXDR
The long-term trend has been UP since Apr 10th, 2024 at 0.7562054
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.7541901
The short-term trend has been DOWN since May 1st, 2024 at 0.7590873
Smart Scan Analysis for USDXDR
Based on our trend formula, USDXDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7572408 | 0.7572408 | 0.7572408 | 0.7572408 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7572408 | 2024-05-08 21:02:50 |