Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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 UP since Apr 1st, 2021 at 1.3220518
The intermediate-term trend has been DOWN since Oct 10th, 2021 at 1.3661203
The short-term trend has been UP since Oct 18th, 2021 at 1.3544631
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).