Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Australian Dollar/Special drawing rights (FOREX:AUDXDR)

Bull Market Weakness (+75) - AUDXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDXDR as it may be in the beginning stages of a reversal.

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
0.50704606 0.50788625 0.50704606 0.50788625 +0.00084000
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 up The intermediate-term trend has been UP since Jun 20th, 2024 at 0.50514927

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 0.51172549

Smart Scan Analysis for AUDXDR

Based on our trend formula, AUDXDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.50704606 0.50788625 0.50704606 0.50788625 +0.00084000
Prev. Close Volume Bid Ask Time
0.50704606 2024-07-17 23:17:59
Get a free daily analysis and signals for Australian Dollar/Special drawing rights (AUDXDR) - Request Your Free Report.