Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Special drawing rights/Canadian Dollar (FOREX:XDRCAD)

Long-Term Uptrend (+90) - XDRCAD is in a strong uptrend that is likely to continue. While XDRCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.8118268 1.8118268 1.8118268 1.8118268 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRCAD

long term up The long-term trend has been UP since Mar 20th, 2024 at 1.8068210

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 1.8151117

short term up The short-term trend has been UP since Jun 10th, 2024 at 1.8126507

Smart Scan Analysis for XDRCAD

Based on our trend formula, XDRCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for XDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8118268 1.8118268 1.8118268 1.8118268 0.0000000
Prev. Close Volume Bid Ask Time
1.8118268 2024-06-13 07:24:55
Get a free daily analysis and signals for Special drawing rights/Canadian Dollar (XDRCAD) - Request Your Free Report.