Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
US Dollar/Special drawing rights (FOREX:USDXDR)
Crossroads (-60) - USDXDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for USDXDR
The long-term trend has been UP since Jan 27th, 2020 at 0.7258978
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.7316380
The short-term trend has been DOWN since May 18th, 2020 at 0.7317726
Smart Scan Analysis for USDXDR
Based on our trend formula, USDXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).