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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

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
1.4438500 1.4440500 1.4267000 1.4318032 -0.0120470
Entry Signal

MarketClub’s Trade Triangles for USDAUD

long term up The long-term trend has been UP since May 1st, 2022 at 1.4181382

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2022 at 1.4359254

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 1.4304000

Smart Scan Analysis for USDAUD

Based on our trend formula, USDAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4438500 1.4440500 1.4267000 1.4318032 -0.0120470
Prev. Close Volume Bid Ask Time
1.4438500 2022-08-08 16:18:29
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