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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)

Sidelines Mode (-55) - AUDNZD 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 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.

FOREX_AUDNZD
Open High Low AUDNZD Price Change
1.08848 1.09475 1.08410 1.08426 -0.00422
Entry Signal

MarketClub’s Trade Triangles for AUDNZD

long term up The long-term trend has been UP since Mar 21st, 2024 at 1.0879550

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 1.0875203

short term up The short-term trend has been UP since May 21st, 2024 at 1.0945599

Smart Scan Analysis for AUDNZD

Based on our trend formula, AUDNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AUDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.08848 1.09475 1.08410 1.08426 -0.00422
Prev. Close Volume Bid Ask Time
1.08848 2024-05-22 20:36:54
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