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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.
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MarketClub’s Trade Triangles for USDAUD
The long-term trend has been UP since Oct 10th, 2022 at 1.5765250
The intermediate-term trend has been UP since Feb 6th, 2023 at 1.4551699
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).
| 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 |