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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

Australian Dollar/Special drawing rights (FOREX:AUDXDR)

Sidelines Mode (+55) - AUDXDR 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 AUDXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDXDR
Open High Low AUDXDR Price Change
0.4924474 0.4924474 0.4924325 0.4924325 -0.0000150
Entry Signal

MarketClub’s Trade Triangles for AUDXDR

long term up The long-term trend has been UP since Nov 28th, 2023 at 0.49371685

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2024 at 0.50138711

short term up The short-term trend has been UP since Feb 16th, 2024 at 0.48933941

Smart Scan Analysis for AUDXDR

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

+55
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4924474 0.4924474 0.4924325 0.4924325 -0.0000150
Prev. Close Volume Bid Ask Time
0.4944643 2024-02-17 16:58:05
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