Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

US Dollar/Australian Dollar (FOREX:USDAUD)

Strong Downtrend (-100) - USDAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDAUD?

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

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

FOREX_USDAUD
Open High Low USDAUD Price Change
1.4394450 1.4396777 1.4261673 1.4349262 -0.0045190
Entry Signal

MarketClub’s Trade Triangles for USDAUD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 1.4834596

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2020 at 1.5861400

short term down The short-term trend has been DOWN since May 26th, 2020 at 1.5208085

Smart Scan Analysis for USDAUD

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

-100
Smart Scan Analysis for USDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4394450 1.4396777 1.4261673 1.4349262 -0.0045190
Prev. Close Volume Bid Ask Time
1.4394450 1.4345144 1.4353380 2020-06-05 17:07:45
Get a free daily analysis and signals for US Dollar/Australian Dollar (USDAUD) - Request Your Free Report.