Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
Long-Term Uptrend (+90) - AUDNZD is in a strong uptrend that is likely to continue. While AUDNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid AUDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDNZD
The long-term trend has been UP since Dec 12th, 2021 at 1.0614228
The intermediate-term trend has been UP since Jul 26th, 2022 at 1.1135599
The short-term trend has been UP since Aug 8th, 2022 at 1.1105304
Smart Scan Analysis for AUDNZD
Based on our trend formula, AUDNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).