Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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.
MarketClub’s Trade Triangles for XDRUSD
The long-term trend has been DOWN since Jan 27th, 2020 at 1.3776044
The intermediate-term trend has been UP since May 18th, 2020 at 1.3667961
The short-term trend has been UP since May 18th, 2020 at 1.3665448
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).