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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Special drawing rights/Canadian Dollar (FOREX:XDRCAD)

Weak Downtrend (-65) - XDRCAD is showing signs of a strengthening downtrend. Monitor XDRCAD as it may be building momentum to the downside.

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
1.8884816 1.8884816 1.8884816 1.8884816 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRCAD

long term up The long-term trend has been UP since Jan 29th, 2020 at 1.8168514

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2020 at 1.9642884

short term down The short-term trend has been DOWN since May 18th, 2020 at 1.9117573

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
1.8884816 1.8884816 1.8884816 1.8884816 0.0000000
Prev. Close Volume Bid Ask Time
1.8635763 1.8884816 1.8884816 2020-05-26 07:14:38
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