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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Long-Term Downtrend (-90) - AUDXDR is in a strong downtrend that is likely to continue. While AUDXDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 DOWN since Oct 31st, 2024 at 0.50003085
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.49489148 | 0.49570708 | 0.49489148 | 0.49570708 | +0.00081600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.49489148 | 2024-11-20 19:11:56 |