Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
Canadian Dollar/Special drawing rights (FOREX:CADXDR)
Strong Uptrend (+100) - CADXDR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADXDR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Nov 23rd, 2020 at 0.53913156
The short-term trend has been UP since Nov 23rd, 2020 at 0.53752807
Smart Scan Analysis for CADXDR
Based on our trend formula, CADXDR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).