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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

Special drawing rights/Canadian Dollar (FOREX:XDRCAD)

Bull Market Weakness (+75) - XDRCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRCAD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid XDRCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRCAD
Open High Low XDRCAD Price Change
1.8089097 1.8089097 1.8089097 1.8089097 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRCAD

long term up The long-term trend has been UP since Sep 5th, 2023 at 1.8085758

intermediate term up The intermediate-term trend has been UP since Oct 26th, 2023 at 1.8024667

short term up The short-term trend has been UP since Nov 19th, 2023 at 1.8170751

Smart Scan Analysis for XDRCAD

Based on our trend formula, XDRCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for XDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8089097 1.8089097 1.8089097 1.8089097 0.0000000
Prev. Close Volume Bid Ask Time
1.8089097 2023-11-28 07:28:25
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