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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Special drawing rights/Canadian Dollar (FOREX:XDRCAD)
Strong Uptrend (+100) - XDRCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XDRCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for XDRCAD
The long-term trend has been UP since Mar 20th, 2024 at 1.8068210
The intermediate-term trend has been UP since Jul 15th, 2024 at 1.8067049
The short-term trend has been UP since Jul 11th, 2024 at 1.7982243
Smart Scan Analysis for XDRCAD
Based on our trend formula, XDRCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8349231 | 1.8349231 | 1.8349231 | 1.8349231 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8349231 | 2024-07-26 14:00:16 |