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Forex Trend Analysis Report

Prepared for you on Wednesday, October 28, 2020.

US Dollar/ (FOREX:USDRSD)

Sidelines Mode (-55) - USDRSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDRSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDRSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDRSD
Open High Low USDRSD Price Change
99.900 100.250 99.775 100.195 +0.295
Entry Signal

MarketClub’s Trade Triangles for USDRSD

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 102.945

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2020 at 99.360

short term up The short-term trend has been UP since Oct 27th, 2020 at 99.760

Smart Scan Analysis for USDRSD

Based on our trend formula, USDRSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.900 100.250 99.775 100.195 +0.295
Prev. Close Volume Bid Ask Time
99.900 2020-10-28 07:21:55
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