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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Canadian Dollar/Special drawing rights (FOREX:CADXDR)

Countertrend Up (+85) - CADXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid CADXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADXDR
Open High Low CADXDR Price Change
0.52952594 0.52952594 0.52952594 0.52952594 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CADXDR

long term up The long-term trend has been UP since Jan 22nd, 2020 at 0.55468922

intermediate term up The intermediate-term trend has been UP since Mar 24th, 2020 at 0.50909021

short term up The short-term trend has been UP since May 18th, 2020 at 0.52307894

Smart Scan Analysis for CADXDR

Based on our trend formula, CADXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CADXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52952594 0.52952594 0.52952594 0.52952594 0.00000000
Prev. Close Volume Bid Ask Time
0.53660267 0.52952594 0.52952594 2020-05-26 07:14:38
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