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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Special drawing rights/US Dollar (FOREX:XDRUSD)
Bear Market Rally (-75) - XDRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XDRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRUSD.
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 XDRUSD
The long-term trend has been DOWN since Apr 10th, 2024 at 1.3223920
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.3259257
The short-term trend has been UP since May 1st, 2024 at 1.3173715
Smart Scan Analysis for XDRUSD
Based on our trend formula, XDRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3205839 | 1.3205839 | 1.3205839 | 1.3205839 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3205839 | 2024-05-08 21:02:50 |