Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
/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
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 UP since Jan 29th, 2020 at 1.8168514
The intermediate-term trend has been DOWN since Feb 16th, 2020 at 1.8125297
The short-term trend has been DOWN since Feb 10th, 2020 at 1.8232947
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).