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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

US Dollar/ (FOREX:USDAWG)

Sidelines Mode (+55) - USDAWG 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 USDAWG?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDAWG.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDAWG
Open High Low USDAWG Price Change
1.80125 1.80125 1.80125 1.80125 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDAWG

long term up The long-term trend has been UP since Jan 26th, 2024 at 1.80250

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2024 at 1.80250

short term down The short-term trend has been DOWN since May 7th, 2024 at 1.80125

Smart Scan Analysis for USDAWG

Based on our trend formula, USDAWG is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDAWG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.80125 1.80125 1.80125 1.80125 0.00000
Prev. Close Volume Bid Ask Time
1.80125 2024-05-20 10:26:20
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