Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Australian Dollar (FOREX:USDAUD)
Weak Downtrend (-65) - USDAUD is showing signs of a strengthening downtrend. Monitor USDAUD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for USDAUD
The long-term trend has been DOWN since Dec 2nd, 2020 at 1.3490250
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 1.2868358
The short-term trend has been UP since Feb 26th, 2021 at 1.2780371
Smart Scan Analysis for USDAUD
Based on our trend formula, USDAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).