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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Crossroads (+60) - AUDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDUSD.
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 AUDUSD
The long-term trend has been DOWN since Apr 15th, 2024 at 0.64429
The intermediate-term trend has been UP since May 3rd, 2024 at 0.66442
The short-term trend has been UP since May 3rd, 2024 at 0.65850
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6601 | 0.6601 | 0.6601 | 0.6601 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6601 | 2024-05-05 05:01:09 |