Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
/US Dollar (FOREX:AWGUSD)
Sidelines Mode (+55) - AWGUSD 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 AWGUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AWGUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AWGUSD
The long-term trend has been UP since Mar 27th, 2023 at 0.55557270
The intermediate-term trend has been UP since Aug 18th, 2023 at 0.55519168
The short-term trend has been DOWN since Nov 28th, 2023 at 0.55518312
Smart Scan Analysis for AWGUSD
Based on our trend formula, AWGUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).