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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.

FOREX_USDXDR
Open High Low USDXDR Price Change
0.7345646 0.7345646 0.7345646 0.7345646 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDXDR

long term up The long-term trend has been UP since Jan 27th, 2020 at 0.7258978

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 0.7316380

short term down 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).

-60
Smart Scan Analysis for USDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7345646 0.7345646 0.7345646 0.7345646 0.0000000
Prev. Close Volume Bid Ask Time
0.7345646 0.7345646 0.7345646 2020-05-26 07:14:38
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