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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Countertrend Down (-85) - AUDXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for AUDXDR
The long-term trend has been DOWN since Aug 2nd, 2024 at 0.49307695
The intermediate-term trend has been DOWN since Oct 20th, 2024 at 0.50007220
The short-term trend has been UP since Oct 22nd, 2024 at 0.50150198
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.50200983 | 0.50200983 | 0.50200983 | 0.50200983 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.49941441 | 2024-10-22 21:06:13 |