Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Sidelines Mode (+50) - AUDXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDXDR can gain 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 DOWN since Jun 15th, 2021 at 0.53403158
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.51549071
The short-term trend has been UP since Oct 4th, 2021 at 0.51381972
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).