Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Australian Dollar/US Dollar (FOREX:AUDUSD)
Crossroads (+60) - AUDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Apr 1st, 2021 at 0.756525
The intermediate-term trend has been UP since Apr 19th, 2021 at 0.776110
The short-term trend has been UP since Apr 19th, 2021 at 0.776110
Smart Scan Analysis for AUDUSD
Based on our trend formula, AUDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).