Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
Special drawing rights/US Dollar (FOREX:XDRUSD)
Strong Downtrend (-100) - XDRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XDRUSD continues to fall. 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 Aug 20th, 2021 at 1.4182420
The intermediate-term trend has been DOWN since Jun 8th, 2022 at 1.3441451
The short-term trend has been DOWN since Jun 8th, 2022 at 1.3441451
Smart Scan Analysis for XDRUSD
Based on our trend formula, XDRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).