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Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
US Dollar/Special drawing rights (FOREX:USDXDR)
Countertrend Up (+85) - USDXDR 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 USDXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXDR.
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 USDXDR
The long-term trend has been UP since Aug 20th, 2021 at 0.7050983
The intermediate-term trend has been UP since Aug 17th, 2022 at 0.7592459
The short-term trend has been UP since Aug 17th, 2022 at 0.7567243
Smart Scan Analysis for USDXDR
Based on our trend formula, USDXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7605943 | 0.7605943 | 0.7605943 | 0.7605943 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7605943 | 2022-08-17 07:25:09 |