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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.

FOREX_XDRUSD
Open High Low XDRUSD Price Change
1.3285521 1.3285521 1.3276032 1.3276032 -0.0009490
Entry Signal

MarketClub’s Trade Triangles for XDRUSD

long term down The long-term trend has been DOWN since Aug 28th, 2023 at 1.3295166

intermediate term up The intermediate-term trend has been UP since Nov 12th, 2023 at 1.3143869

short term down 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).

-75
Smart Scan Analysis for XDRUSD
Strong Downtrend Sideways 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
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