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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.

FOREX_USDXDR
Open High Low USDXDR Price Change
0.6962153 0.6962153 0.6962153 0.6962153 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDXDR

long term down The long-term trend has been DOWN since Jun 10th, 2020 at 0.7248198

intermediate term down The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.6920949

short term up 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).

-85
Smart Scan Analysis for USDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6962153 0.6962153 0.6962153 0.6962153 0.0000000
Prev. Close Volume Bid Ask Time
0.6962153 2021-03-05 07:55:17
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