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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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.

FOREX_AUDXDR
Open High Low AUDXDR Price Change
0.50307789 0.50307789 0.50307789 0.50307789 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AUDXDR

long term down The long-term trend has been DOWN since Mar 15th, 2023 at 0.50120039

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2023 at 0.51619289

short term down The short-term trend has been DOWN since Feb 7th, 2023 at 0.51987462

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).

-90
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.50307789 0.50307789 0.50307789 0.50307789 0.00000000
Prev. Close Volume Bid Ask Time
0.50307789 2023-03-18 03:55:53
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