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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.

FOREX_CADXDR
Open High Low CADXDR Price Change
0.58505427 0.58505427 0.58505427 0.58505427 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CADXDR

long term up The long-term trend has been UP since Oct 14th, 2021 at 0.56742291

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 0.58832901

short term down 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).

-70
Smart Scan Analysis for CADXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58505427 0.58505427 0.58505427 0.58505427 0.00000000
Prev. Close Volume Bid Ask Time
0.58505427 2022-08-15 07:20:10
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