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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Special drawing rights/Australian Dollar (FOREX:XDRAUD)

Bull Market Weakness (+75) - XDRAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRAUD as it may be in the beginning stages of a reversal.

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
2.0018066 2.0018066 2.0018066 2.0018066 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRAUD

long term down The long-term trend has been DOWN since Nov 28th, 2023 at 2.0254524

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2024 at 1.9779885

short term up The short-term trend has been UP since Jul 15th, 2024 at 1.9541727

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
2.0018066 2.0018066 2.0018066 2.0018066 0.0000000
Prev. Close Volume Bid Ask Time
2.0018066 2024-07-23 07:26:07
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