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Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

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.

FOREX_AUDUSD
Open High Low AUDUSD Price Change
0.64685 0.65045 0.64668 0.64988 +0.00303
Entry Signal

MarketClub’s Trade Triangles for AUDUSD

long term up The long-term trend has been UP since Aug 23rd, 2024 at 0.679780

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2024 at 0.670815

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 0.647760

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).

-60
Smart Scan Analysis for AUDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64685 0.65045 0.64668 0.64988 +0.00303
Prev. Close Volume Bid Ask Time
0.64685 2024-12-03 04:32:17
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