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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for XDRCAD
The long-term trend has been UP since Mar 20th, 2024 at 1.8068210
The intermediate-term trend has been UP since Oct 9th, 2024 at 1.8349448
The short-term trend has been UP since Nov 17th, 2024 at 1.8552188
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8507606 | 1.8507606 | 1.8507606 | 1.8507606 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8507606 | 2024-11-18 13:11:45 |