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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

Australian Dollar/Special drawing rights (FOREX:AUDXDR)

Sidelines Mode (+50) - AUDXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AUDXDR can gain momentum.

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.

FOREX_AUDXDR
Open High Low AUDXDR Price Change
0.44964853 0.44964853 0.44964853 0.44964853 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AUDXDR

long term down The long-term trend has been DOWN since Jan 21st, 2020 at 0.49879319

intermediate term up The intermediate-term trend has been UP since Mar 24th, 2020 at 0.43382876

short term up The short-term trend has been UP since Apr 6th, 2020 at 0.44600978

Smart Scan Analysis for AUDXDR

Based on our trend formula, AUDXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.44964853 0.44964853 0.44964853 0.44964853 0.00000000
Prev. Close Volume Bid Ask Time
0.44964853 0.44964853 0.44964853 2020-04-06 21:07:44
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