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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Special drawing rights/US Dollar (FOREX:XDRUSD)

Sidelines Mode (+50) - XDRUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRUSD can gain momentum.

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
1.3246852 1.3246852 1.3246852 1.3246852 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 up The intermediate-term trend has been UP since Aug 9th, 2022 at 1.3170964

short term up The short-term trend has been UP since Aug 9th, 2022 at 1.3170964

Smart Scan Analysis for XDRUSD

Based on our trend formula, XDRUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XDRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3246852 1.3246852 1.3246852 1.3246852 0.0000000
Prev. Close Volume Bid Ask Time
1.3246852 2022-08-15 07:20:10
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