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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

Special drawing rights/Australian Dollar (FOREX:XDRAUD)

Sidelines Mode (+55) - XDRAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.9948199 1.9980390 1.9948199 1.9975148 +0.0026950
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 up The intermediate-term trend has been UP since Jun 10th, 2024 at 2.0010990

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 1.9873602

Smart Scan Analysis for XDRAUD

Based on our trend formula, XDRAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for XDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9948199 1.9980390 1.9948199 1.9975148 +0.0026950
Prev. Close Volume Bid Ask Time
1.9948199 2024-06-16 21:00:28
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