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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Sidelines Mode (+55) - AUDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Aug 23rd, 2024 at 0.679780
The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.670815
The short-term trend has been UP since Nov 3rd, 2024 at 0.659580
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.659640 | 0.662600 | 0.659230 | 0.662485 | +0.002845 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.659640 | 2024-11-05 07:35:19 |