Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
US Dollar/Special drawing rights (FOREX:USDXDR)
Countertrend Down (-85) - USDXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jun 10th, 2020 at 0.7248198
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.6920949
The short-term trend has been UP since Mar 5th, 2021 at 0.6931499
Smart Scan Analysis for USDXDR
Based on our trend formula, USDXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).