Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Strong Downtrend (-100) - AUDXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDXDR continues to fall. 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.
MarketClub’s Trade Triangles for AUDXDR
The long-term trend has been DOWN since Jun 30th, 2022 at 0.52319577
The intermediate-term trend has been DOWN since Jun 30th, 2022 at 0.52618280
The short-term trend has been DOWN since Jun 17th, 2022 at 0.53219286
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).