Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Bear Market Rally (-75) - AUDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDUSD as it may be in the beginning of a reversal.
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 DOWN since Apr 12th, 2024 at 0.64800
The short-term trend has been UP since Apr 22nd, 2024 at 0.64570
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.651735 | 0.652100 | 0.648300 | 0.649655 | -0.002080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.651735 | 2024-04-24 13:34:00 |