Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Special drawing rights/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 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 Jan 29th, 2020 at 1.8168514
The intermediate-term trend has been DOWN since Mar 24th, 2020 at 1.9642884
The short-term trend has been DOWN since May 18th, 2020 at 1.9117573
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).