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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)

Countertrend Down (-85) - AUDNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
1.0723500 1.0818350 1.0716929 1.0768850 +0.0045350
Entry Signal

MarketClub’s Trade Triangles for AUDNZD

long term down The long-term trend has been DOWN since Sep 18th, 2023 at 1.0684389

intermediate term down The intermediate-term trend has been DOWN since Sep 18th, 2023 at 1.0806494

short term up The short-term trend has been UP since Sep 28th, 2023 at 1.0808199

Smart Scan Analysis for AUDNZD

Based on our trend formula, AUDNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AUDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0723500 1.0818350 1.0716929 1.0768850 +0.0045350
Prev. Close Volume Bid Ask Time
1.0723500 2023-09-28 20:40:20
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