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Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Special drawing rights/US Dollar (FOREX:XDRUSD)
Bear Market Rally (-75) - XDRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRUSD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for XDRUSD
The long-term trend has been DOWN since Aug 28th, 2023 at 1.3295166
The intermediate-term trend has been UP since Nov 12th, 2023 at 1.3143869
The short-term trend has been DOWN since Dec 8th, 2023 at 1.3304897
Smart Scan Analysis for XDRUSD
Based on our trend formula, XDRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3285521 | 1.3285521 | 1.3276032 | 1.3276032 | -0.0009490 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3276032 | 2023-12-08 20:32:20 |