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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Australian Dollar/Special drawing rights (FOREX:AUDXDR)

Countertrend Up (+85) - AUDXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid AUDXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDXDR
Open High Low AUDXDR Price Change
0.51243848 0.51243848 0.51172549 0.51172549 -0.00071300
Entry Signal

MarketClub’s Trade Triangles for AUDXDR

long term up The long-term trend has been UP since Nov 28th, 2023 at 0.49371685

intermediate term up The intermediate-term trend has been UP since Jun 20th, 2024 at 0.50514927

short term up The short-term trend has been UP since Jun 13th, 2024 at 0.50318004

Smart Scan Analysis for AUDXDR

Based on our trend formula, AUDXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for AUDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51243848 0.51243848 0.51172549 0.51172549 -0.00071300
Prev. Close Volume Bid Ask Time
0.51293532 2024-07-11 07:26:03
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