Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Countertrend Up (+85) - AUDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AUDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDUSD
The long-term trend has been UP since Nov 29th, 2020 at 0.74150
The intermediate-term trend has been UP since Feb 14th, 2021 at 0.77710
The short-term trend has been DOWN since Feb 25th, 2021 at 0.78562
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).