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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.

FOREX_USDAUD
Open High Low USDAUD Price Change
1.2911556 1.2948800 1.2841834 1.2862565 -0.0048990
Entry Signal

MarketClub’s Trade Triangles for USDAUD

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 1.3490250

intermediate term down The intermediate-term trend has been DOWN since Feb 14th, 2021 at 1.2868358

short term up 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).

-65
Smart Scan Analysis for USDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2911556 1.2948800 1.2841834 1.2862565 -0.0048990
Prev. Close Volume Bid Ask Time
1.2911556 2021-03-01 12:12:37
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