Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
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.
MarketClub’s Trade Triangles for AUDXDR
The long-term trend has been DOWN since Jan 21st, 2020 at 0.49879319
The intermediate-term trend has been UP since Mar 24th, 2020 at 0.43382876
The short-term trend has been UP since Apr 6th, 2020 at 0.44600978
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).