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.
MarketClub’s Trade Triangles for XDRUSD
The long-term trend has been DOWN since Aug 20th, 2021 at 1.4182420
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 1.4216462
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).