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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

US Dollar/Special drawing rights (FOREX:USDXDR)

Weak Downtrend (-65) - USDXDR is showing signs of a strengthening downtrend. Monitor USDXDR as it may be building momentum to the downside.

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
0.7539039 0.7539039 0.7539039 0.7539039 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDXDR

long term up The long-term trend has been UP since Apr 10th, 2024 at 0.7562054

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 0.7545032

short term down The short-term trend has been DOWN since Jul 7th, 2024 at 0.7581651

Smart Scan Analysis for USDXDR

Based on our trend formula, USDXDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7539039 0.7539039 0.7539039 0.7539039 0.0000000
Prev. Close Volume Bid Ask Time
0.7539039 2024-07-26 14:00:16
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