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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Special drawing rights/Australian Dollar (FOREX:XDRAUD)
Sidelines Mode (+50) - XDRAUD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRAUD can gain momentum.
Is it time to buy, sell, or avoid XDRAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRAUD.
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 XDRAUD
The long-term trend has been DOWN since Nov 28th, 2023 at 2.0254524
The intermediate-term trend has been UP since Apr 14th, 2024 at 2.0389710
The short-term trend has been UP since May 1st, 2024 at 2.0251507
Smart Scan Analysis for XDRAUD
Based on our trend formula, XDRAUD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.0097541 | 2.0097541 | 2.0097541 | 2.0097541 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.0097541 | 2024-05-08 21:02:50 |