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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Countertrend Down (-85) - CADXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CADXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADXDR.
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 CADXDR
The long-term trend has been DOWN since Mar 20th, 2024 at 0.55345826
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.55424776
The short-term trend has been UP since Apr 18th, 2024 at 0.55020146
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.55243803 | 0.55243803 | 0.55243803 | 0.55243803 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.55151573 | 2024-04-18 07:26:29 |