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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Long-Term Downtrend (-90) - AUDUSD is in a strong downtrend that is likely to continue. While AUDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Apr 15th, 2024 at 0.64429
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.64800
The short-term trend has been DOWN since Apr 10th, 2024 at 0.65590
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.638965 | 0.642530 | 0.638800 | 0.641585 | +0.002620 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.638965 | 2024-04-19 05:02:54 |