Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Special drawing rights/Australian Dollar (FOREX:XDRAUD)
Countertrend Down (-85) - XDRAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Nov 27th, 2020 at 1.9341873
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.9660588
The short-term trend has been UP since Dec 2nd, 2020 at 1.9381571
Smart Scan Analysis for XDRAUD
Based on our trend formula, XDRAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).