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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Australian Dollar/Special drawing rights (FOREX:AUDXDR)

Sidelines Mode (+50) - AUDXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDXDR can gain momentum.

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.

FOREX_AUDXDR
Open High Low AUDXDR Price Change
0.52594449 0.52594449 0.52594449 0.52594449 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AUDXDR

long term down The long-term trend has been DOWN since Jun 15th, 2021 at 0.53403158

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.51549071

short term up The short-term trend has been UP since Oct 4th, 2021 at 0.51381972

Smart Scan Analysis for AUDXDR

Based on our trend formula, AUDXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52594449 0.52594449 0.52594449 0.52594449 0.00000000
Prev. Close Volume Bid Ask Time
0.52594449 2021-10-14 07:18:44
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