Forex Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Crossroads (-60) - CADXDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for CADXDR
The long-term trend has been UP since Jun 5th, 2020 at 0.52952594
The intermediate-term trend has been DOWN since Apr 6th, 2021 at 0.55796159
The short-term trend has been DOWN since Apr 6th, 2021 at 0.56026464
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).