Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Strong Uptrend (+100) - AUDXDR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDXDR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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 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 Nov 23rd, 2020 at 0.51443317
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).