Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Special drawing rights/Australian Dollar (FOREX:XDRAUD)
Bull Market Weakness (+75) - XDRAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRAUD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for XDRAUD
The long-term trend has been UP since Jun 30th, 2022 at 1.9113305
The intermediate-term trend has been UP since Jun 30th, 2022 at 1.9004802
The short-term trend has been UP since Jun 17th, 2022 at 1.8790181
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).