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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Long-Term Downtrend (-90) - CADXDR is in a strong downtrend that is likely to continue. While CADXDR 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 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.
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MarketClub’s Trade Triangles for CADXDR
The long-term trend has been DOWN since Mar 20th, 2024 at 0.55345826
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.54497552
The short-term trend has been DOWN since Nov 17th, 2024 at 0.53901998
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.5403184 | 0.5403184 | 0.5403184 | 0.5403184 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.5403184 | 2024-11-18 13:11:45 |