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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Special drawing rights/Australian Dollar (FOREX:XDRAUD)

Strong Downtrend (-100) - XDRAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XDRAUD continues to fall. Traders should use caution and set stops.

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
2.0256839 2.0256839 2.0256839 2.0256839 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 down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 2.0292476

short term down The short-term trend has been DOWN since Mar 7th, 2024 at 2.0322762

Smart Scan Analysis for XDRAUD

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

-100
Smart Scan Analysis for XDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0256839 2.0256839 2.0256839 2.0256839 0.0000000
Prev. Close Volume Bid Ask Time
2.0256839 2024-03-18 08:25:59
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