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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Australian Dollar/Special drawing rights (FOREX:AUDXDR)

Weak Downtrend (-65) - AUDXDR is showing signs of a strengthening downtrend. Monitor AUDXDR as it may be building momentum to the downside.

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
0.4942952 0.4942952 0.4942952 0.4942952 0.0000000
Entry Signal

MarketClub’s Trade Triangles for AUDXDR

long term up The long-term trend has been UP since Nov 28th, 2023 at 0.49371685

intermediate term down The intermediate-term trend has been DOWN since Jul 21st, 2024 at 0.50556412

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 0.51172549

Smart Scan Analysis for AUDXDR

Based on our trend formula, AUDXDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4942952 0.4942952 0.4942952 0.4942952 0.0000000
Prev. Close Volume Bid Ask Time
0.4942952 2024-07-26 14:00:16
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