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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Strong Downtrend (-100) - CADXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADXDR continues to fall. 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 Jul 15th, 2024 at 0.55349382
The short-term trend has been DOWN since Jul 11th, 2024 at 0.55599134
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.54498198 | 0.54498198 | 0.54498198 | 0.54498198 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.54498198 | 2024-07-26 14:00:16 |