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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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 Nov 8th, 2024 at 1.3272644
The intermediate-term trend has been UP since Dec 15th, 2024 at 1.3168433
The short-term trend has been DOWN since Dec 19th, 2024 at 1.3109154
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 |
|---|---|---|---|---|
| 1.3055207 | 1.3055207 | 1.3055207 | 1.3055207 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3063363 | 2024-12-24 21:00:04 |