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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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, XDRCAD 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.

FOREX_XDRCAD
Open High Low XDRCAD Price Change
1.6870015 1.6870015 1.6870015 1.6870015 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRCAD

long term down The long-term trend has been DOWN since Oct 14th, 2021 at 1.7623539

intermediate term down The intermediate-term trend has been DOWN since Aug 11th, 2022 at 1.6928803

short term down The short-term trend has been DOWN since Jul 27th, 2022 at 1.7141733

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).

-100
Smart Scan Analysis for XDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6870015 1.6870015 1.6870015 1.6870015 0.0000000
Prev. Close Volume Bid Ask Time
1.6870015 2022-08-11 07:19:12
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