Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Special drawing rights/US Dollar (FOREX:XDRUSD)
Countertrend Up (+85) - XDRUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jun 10th, 2020 at 1.3796533
The intermediate-term trend has been UP since Feb 25th, 2021 at 1.4448886
The short-term trend has been UP since Feb 24th, 2021 at 1.4441451
Smart Scan Analysis for XDRUSD
Based on our trend formula, XDRUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).