Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Strong Uptrend (+100) - AUDUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Dec 1st, 2023 at 0.667365
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.644510
The short-term trend has been UP since Dec 8th, 2023 at 0.661950
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).