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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

Special drawing rights/Australian Dollar (FOREX:XDRAUD)

Bear Market Rally (-75) - XDRAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRAUD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid XDRAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRAUD
Open High Low XDRAUD Price Change
1.8611659 1.8611659 1.8611659 1.8611659 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRAUD

long term down The long-term trend has been DOWN since Nov 27th, 2020 at 1.9341873

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.9660588

short term up The short-term trend has been UP since Mar 5th, 2021 at 1.8231664

Smart Scan Analysis for XDRAUD

Based on our trend formula, XDRAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for XDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8611659 1.8611659 1.8611659 1.8611659 0.0000000
Prev. Close Volume Bid Ask Time
1.8646942 2021-03-07 21:00:31
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