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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Canadian Dollar/Special drawing rights (FOREX:CADXDR)

Bear Market Rally (-75) - CADXDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADXDR as it may be in the beginning of a reversal.

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
0.5541541 0.5541541 0.5541541 0.5541541 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADXDR

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.55345826

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.55424776

short term up The short-term trend has been UP since Apr 18th, 2024 at 0.55020146

Smart Scan Analysis for CADXDR

Based on our trend formula, CADXDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CADXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.5541541 0.5541541 0.5541541 0.5541541 0.0000000
Prev. Close Volume Bid Ask Time
0.5541541 2024-04-23 21:01:41
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