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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Australian Dollar/US Dollar (FOREX:AUDUSD)

Long-Term Downtrend (-90) - AUDUSD is in a strong downtrend that is likely to continue. While AUDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.641605 0.642900 0.639210 0.641180 -0.000425
Entry Signal

MarketClub’s Trade Triangles for AUDUSD

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 0.64429

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.64800

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.65590

Smart Scan Analysis for AUDUSD

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

-90
Smart Scan Analysis for AUDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.641605 0.642900 0.639210 0.641180 -0.000425
Prev. Close Volume Bid Ask Time
0.641605 2024-04-16 20:42:05
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