Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Special drawing rights/Canadian Dollar (FOREX:XDRCAD)
Strong Downtrend (-100) - XDRCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for XDRCAD
The long-term trend has been DOWN since Jun 5th, 2020 at 1.8884816
The intermediate-term trend has been DOWN since Dec 31st, 2020 at 1.8266264
The short-term trend has been DOWN since Feb 23rd, 2021 at 1.8197063
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).