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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)

Weak Downtrend (-65) - AUDNZD is showing signs of a strengthening downtrend. Monitor AUDNZD as it may be building momentum to the downside.

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
1.093615 1.094100 1.092597 1.093335 -0.000280
Entry Signal

MarketClub’s Trade Triangles for AUDNZD

long term up The long-term trend has been UP since Mar 21st, 2024 at 1.0879550

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 1.0875203

short term down The short-term trend has been DOWN since May 15th, 2024 at 1.0956200

Smart Scan Analysis for AUDNZD

Based on our trend formula, AUDNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for AUDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.093615 1.094100 1.092597 1.093335 -0.000280
Prev. Close Volume Bid Ask Time
1.093615 2024-05-20 08:31:04
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