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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

US Dollar/ (FOREX:USDRSD)

Strong Downtrend (-100) - USDRSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDRSD continues to fall. Traders should use caution and set stops.

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.

FOREX_USDRSD
Open High Low USDRSD Price Change
107.48863 107.62400 107.45600 107.57000 +0.08137
Entry Signal

MarketClub’s Trade Triangles for USDRSD

long term down The long-term trend has been DOWN since Jul 12th, 2024 at 107.281

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 107.939

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 107.928

Smart Scan Analysis for USDRSD

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

-100
Smart Scan Analysis for USDRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
107.48863 107.62400 107.45600 107.57000 +0.08137
Prev. Close Volume Bid Ask Time
107.46968 2024-07-19 16:59:18
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