Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Special drawing rights/Australian Dollar (FOREX:XDRAUD)
Long-Term Downtrend (-90) - XDRAUD is in a strong downtrend that is likely to continue. While XDRAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 28th, 2023 at 2.0254524
The intermediate-term trend has been DOWN since Oct 24th, 2023 at 2.0489744
The short-term trend has been DOWN since Oct 24th, 2023 at 2.0489744
Smart Scan Analysis for XDRAUD
Based on our trend formula, XDRAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).