Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDAUD
The long-term trend has been DOWN since Aug 27th, 2024 at 1.4708000
The intermediate-term trend has been UP since Oct 14th, 2024 at 1.4909797
The short-term trend has been DOWN since Nov 18th, 2024 at 1.5412476
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 |
|---|---|---|---|---|
| 1.5320857 | 1.5347192 | 1.5309248 | 1.5338600 | +0.0017740 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5320857 | 2024-11-20 03:30:19 |