Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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.
MarketClub’s Trade Triangles for CADXDR
The long-term trend has been UP since Oct 14th, 2021 at 0.56742291
The intermediate-term trend has been UP since Sep 26th, 2021 at 0.55619558
The short-term trend has been UP since Sep 23rd, 2021 at 0.55449273
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).