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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.

FOREX_USDXDR
Open High Low USDXDR Price Change
0.7062905 0.7062905 0.7062905 0.7062905 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDXDR

long term up The long-term trend has been UP since Aug 20th, 2021 at 0.7050983

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.7034099

short term down 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).

+55
Smart Scan Analysis for USDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7062905 0.7062905 0.7062905 0.7062905 0.0000000
Prev. Close Volume Bid Ask Time
0.7062905 2021-10-23 17:27:53
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