Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Weak Downtrend (-65) - CADXDR is showing signs of a strengthening downtrend. Monitor CADXDR as it may be building momentum to the downside.
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 DOWN since Aug 15th, 2022 at 0.58832901
The short-term trend has been DOWN since Aug 15th, 2022 at 0.58832901
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).