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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)

Long-Term Uptrend (+90) - AUDNZD is in a strong uptrend that is likely to continue. While AUDNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid AUDNZD?

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

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

FOREX_AUDNZD
Open High Low AUDNZD Price Change
1.0802250 1.0882179 1.0801479 1.0823300 +0.0021050
Entry Signal

MarketClub’s Trade Triangles for AUDNZD

long term up The long-term trend has been UP since Apr 14th, 2020 at 1.0533282

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2020 at 1.0335000

short term up The short-term trend has been UP since May 29th, 2020 at 1.0745141

Smart Scan Analysis for AUDNZD

Based on our trend formula, AUDNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for AUDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0802250 1.0882179 1.0801479 1.0823300 +0.0021050
Prev. Close Volume Bid Ask Time
1.0802250 1.0818800 1.0827800 2020-06-02 15:14:48
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