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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Special drawing rights/Canadian Dollar (FOREX:XDRCAD)
Sidelines Mode (+55) - XDRCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XDRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XDRCAD
The long-term trend has been UP since Mar 20th, 2024 at 1.8068210
The intermediate-term trend has been UP since Apr 14th, 2024 at 1.8042472
The short-term trend has been DOWN since Apr 18th, 2024 at 1.8175161
Smart Scan Analysis for XDRCAD
Based on our trend formula, XDRCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.8031238 | 1.8031238 | 1.8031238 | 1.8031238 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.8031238 | 2024-04-24 21:01:06 |