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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.

FOREX_CADXDR
Open High Low CADXDR Price Change
0.56040268 0.56040268 0.56040268 0.56040268 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CADXDR

long term up The long-term trend has been UP since Jun 5th, 2020 at 0.52952594

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2021 at 0.55796159

short term down 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).

-60
Smart Scan Analysis for CADXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56040268 0.56040268 0.56040268 0.56040268 0.00000000
Prev. Close Volume Bid Ask Time
0.56040268 2021-04-10 08:06:59
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