Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
US Dollar/Special drawing rights (FOREX:USDXDR)
Sidelines Mode (+55) - USDXDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Aug 20th, 2021 at 0.7050983
The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.7034099
The short-term trend has been DOWN since Oct 23rd, 2021 at 0.7067538
Smart Scan Analysis for USDXDR
Based on our trend formula, USDXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).