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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

US Dollar/Australian Dollar (FOREX:USDAUD)

Strong Uptrend (+100) - USDAUD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDAUD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
1.5585671 1.5646514 1.5552000 1.5621339 +0.0035670
Entry Signal

MarketClub’s Trade Triangles for USDAUD

long term up The long-term trend has been UP since Apr 15th, 2024 at 1.5523131

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2024 at 1.5432100

short term up The short-term trend has been UP since Apr 10th, 2024 at 1.5246500

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
1.5585671 1.5646514 1.5552000 1.5621339 +0.0035670
Prev. Close Volume Bid Ask Time
1.5585671 2024-04-16 17:19:58
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