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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Argentine Peso (FOREX:AUDARS)
Countertrend Up (+85) - AUDARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDARS.
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 AUDARS
The long-term trend has been UP since Jan 12th, 2022 at 75.50003
The intermediate-term trend has been UP since Apr 29th, 2024 at 574.51130
The short-term trend has been DOWN since May 8th, 2024 at 578.67927
Smart Scan Analysis for AUDARS
Based on our trend formula, AUDARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 580.33384 | 582.59778 | 578.88193 | 582.21072 | +1.87688 |
| Prev. Close | Volume | Bid | Ask | Time |
| 580.33384 | 2024-05-09 09:07:02 |