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Forex Trend Analysis Report

Prepared for you on Monday, May 16, 2022.

US Dollar/Special drawing rights (FOREX:USDXDR)

Countertrend Up (+85) - USDXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_USDXDR
Open High Low USDXDR Price Change
0.7464582 0.7464582 0.7464582 0.7464582 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDXDR

long term up The long-term trend has been UP since Aug 20th, 2021 at 0.7050983

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2022 at 0.7257720

short term up The short-term trend has been UP since Feb 28th, 2022 at 0.7170326

Smart Scan Analysis for USDXDR

Based on our trend formula, USDXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7464582 0.7464582 0.7464582 0.7464582 0.0000000
Prev. Close Volume Bid Ask Time
0.7516462 2022-05-11 07:40:00
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