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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

US Dollar/Australian Dollar (FOREX:USDAUD)

Sidelines Mode (+55) - USDAUD 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 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
1.4852441 1.4867679 1.4825797 1.4829095 -0.0023350
Entry Signal

MarketClub’s Trade Triangles for USDAUD

long term up The long-term trend has been UP since Oct 10th, 2022 at 1.5765250

intermediate term up The intermediate-term trend has been UP since Feb 6th, 2023 at 1.4551699

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 1.4833168

Smart Scan Analysis for USDAUD

Based on our trend formula, USDAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4852441 1.4867679 1.4825797 1.4829095 -0.0023350
Prev. Close Volume Bid Ask Time
1.4852441 2023-03-23 01:44:40
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