Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/ (FOREX:USDRSD)
Countertrend Up (+85) - USDRSD 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 USDRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDRSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDRSD
The long-term trend has been UP since Mar 5th, 2021 at 98.35000
The intermediate-term trend has been UP since Mar 5th, 2021 at 97.74589
The short-term trend has been UP since Mar 1st, 2021 at 97.27820
Smart Scan Analysis for USDRSD
Based on our trend formula, USDRSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).