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Forex Trend Analysis Report

Prepared for you on Friday, May 3, 2024.

Special drawing rights/Canadian Dollar (FOREX:XDRCAD)

Weak Uptrend (+65) - XDRCAD is showing signs of weakening momentum to the upside. Monitor 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
1.8077794 1.8077794 1.8077794 1.8077794 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRCAD

long term up The long-term trend has been UP since Mar 20th, 2024 at 1.8068210

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2024 at 1.7944899

short term up The short-term trend has been UP since May 1st, 2024 at 1.8031238

Smart Scan Analysis for XDRCAD

Based on our trend formula, XDRCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8077794 1.8077794 1.8077794 1.8077794 0.0000000
Prev. Close Volume Bid Ask Time
1.8012938 2024-05-02 07:26:26
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