Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Special drawing rights/Australian Dollar (FOREX:XDRAUD)
Bear Market Rally (-75) - XDRAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRAUD as it may be in the beginning 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 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 Mar 5th, 2021 at 1.8231664
Smart Scan Analysis for XDRAUD
Based on our trend formula, XDRAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).