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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.

FOREX_XDRAUD
Open High Low XDRAUD Price Change
2.0118361 2.0163894 2.0118361 2.0163894 +0.0045530
Entry Signal

MarketClub’s Trade Triangles for XDRAUD

long term down The long-term trend has been DOWN since Nov 28th, 2023 at 2.0254524

intermediate term down The intermediate-term trend has been DOWN since Oct 24th, 2023 at 2.0489744

short term down 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).

-90
Smart Scan Analysis for XDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0118361 2.0163894 2.0118361 2.0163894 +0.0045530
Prev. Close Volume Bid Ask Time
2.0113370 2023-12-08 20:32:20
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