Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
/US Dollar (FOREX:AWGUSD)
Bear Market Rally (-75) - AWGUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AWGUSD as it may be in the beginning of a reversal.
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 DOWN since Jun 10th, 2021 at 0.55517670
The intermediate-term trend has been UP since Sep 21st, 2021 at 0.55548313
The short-term trend has been DOWN since Oct 19th, 2021 at 0.55548227
Smart Scan Analysis for AWGUSD
Based on our trend formula, AWGUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).