Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Special drawing rights/Canadian Dollar (FOREX:XDRCAD)
Bull Market Weakness (+75) - XDRCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRCAD as it may be in the beginning stages of a reversal.
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 UP since Sep 5th, 2023 at 1.8085758
The intermediate-term trend has been UP since Oct 26th, 2023 at 1.8024667
The short-term trend has been UP since Nov 19th, 2023 at 1.8170751
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).