Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
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.
MarketClub’s Trade Triangles for USDAWG
The long-term trend has been UP since Aug 2nd, 2022 at 1.80050
The intermediate-term trend has been UP since Aug 2nd, 2022 at 1.79625
The short-term trend has been DOWN since Aug 9th, 2022 at 1.80000
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).