Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
US Dollar/Australian Dollar (FOREX:USDAUD)
Strong Downtrend (-100) - USDAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jun 1st, 2020 at 1.4834596
The intermediate-term trend has been DOWN since Apr 9th, 2020 at 1.5861400
The short-term trend has been DOWN since May 26th, 2020 at 1.5208085
Smart Scan Analysis for USDAUD
Based on our trend formula, USDAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).