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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Special drawing rights/US Dollar (FOREX:XDRUSD)

Long-Term Downtrend (-90) - XDRUSD is in a strong downtrend that is likely to continue. While XDRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid XDRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRUSD
Open High Low XDRUSD Price Change
1.4096929 1.4096929 1.4096929 1.4096929 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRUSD

long term down The long-term trend has been DOWN since Aug 20th, 2021 at 1.4182420

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 1.4216462

short term down The short-term trend has been DOWN since Sep 22nd, 2021 at 1.4216462

Smart Scan Analysis for XDRUSD

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

-90
Smart Scan Analysis for XDRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4096929 1.4096929 1.4096929 1.4096929 0.0000000
Prev. Close Volume Bid Ask Time
1.4096929 2021-10-14 07:18:44
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