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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

Special drawing rights/Australian Dollar (FOREX:XDRAUD)

Weak Uptrend (+65) - XDRAUD is showing signs of weakening momentum to the upside. Monitor 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
1.9919929 1.9919929 1.9919929 1.9919929 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRAUD

long term up The long-term trend has been UP since Aug 2nd, 2024 at 2.0334774

intermediate term up The intermediate-term trend has been UP since Oct 20th, 2024 at 1.9997112

short term down The short-term trend has been DOWN since Oct 22nd, 2024 at 1.9940101

Smart Scan Analysis for XDRAUD

Based on our trend formula, XDRAUD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9919929 1.9919929 1.9919929 1.9919929 0.0000000
Prev. Close Volume Bid Ask Time
2.0023451 2024-10-22 21:06:13
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