Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Bull Market Weakness (+75) - AUDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDUSD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for AUDUSD
The long-term trend has been DOWN since Apr 1st, 2021 at 0.756525
The intermediate-term trend has been UP since Oct 10th, 2021 at 0.731945
The short-term trend has been UP since Oct 19th, 2021 at 0.744895
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).