Forex Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
Australian Dollar/Special drawing rights (FOREX:AUDXDR)
Strong Downtrend (-100) - AUDXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDXDR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid AUDXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDXDR
The long-term trend has been DOWN since Sep 23rd, 2022 at 0.51204496
The intermediate-term trend has been DOWN since Sep 15th, 2022 at 0.52383026
The short-term trend has been DOWN since Sep 30th, 2022 at 0.50988448
Smart Scan Analysis for AUDXDR
Based on our trend formula, AUDXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).