Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Special drawing rights/Australian Dollar (FOREX:XDRAUD)
Weak Downtrend (-65) - XDRAUD is showing signs of a strengthening downtrend. Monitor XDRAUD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for XDRAUD
The long-term trend has been UP since Jun 15th, 2021 at 1.8725484
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.9398992
The short-term trend has been DOWN since Oct 4th, 2021 at 1.9462079
Smart Scan Analysis for XDRAUD
Based on our trend formula, XDRAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).