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Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Special drawing rights/Australian Dollar (FOREX:XDRAUD)

Weak Downtrend (-65) - XDRAUD is showing signs of a strengthening downtrend. Monitor XDRAUD as it may be building momentum to the downside.

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

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

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

FOREX_XDRAUD
Open High Low XDRAUD Price Change
2.0539368 2.0539368 2.0539368 2.0539368 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRAUD

long term up The long-term trend has been UP since Aug 6th, 2023 at 2.0494581

intermediate term down The intermediate-term trend has been DOWN since Sep 11th, 2023 at 2.0639079

short term down The short-term trend has been DOWN since Sep 11th, 2023 at 2.0796768

Smart Scan Analysis for XDRAUD

Based on our trend formula, XDRAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0539368 2.0539368 2.0539368 2.0539368 0.0000000
Prev. Close Volume Bid Ask Time
2.0185391 2023-09-23 13:03:35
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