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.
MarketClub’s Trade Triangles for USDRSD
The long-term trend has been DOWN since Jul 15th, 2020 at 102.945
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 99.360
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).