Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Special drawing rights/US Dollar (FOREX:XDRUSD)
Long-Term Downtrend (-90) - XDRUSD is in a strong downtrend that is likely to continue. While XDRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XDRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for XDRUSD
The long-term trend has been DOWN since Nov 8th, 2024 at 1.3272644
The intermediate-term trend has been DOWN since Feb 2nd, 2025 at 1.2958502
The short-term trend has been DOWN since Feb 2nd, 2025 at 1.2974317
Smart Scan Analysis for XDRUSD
Based on our trend formula, XDRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3064170 | 1.3064170 | 1.2897126 | 1.2897126 | -0.0167040 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3102501 | 2025-02-02 14:27:10 |