Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Countertrend Up (+85) - AUDXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDXDR
The long-term trend has been UP since Nov 27th, 2020 at 0.51701302
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.50863179
The short-term trend has been UP since Feb 23rd, 2021 at 0.54090758
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).