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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

/US Dollar (FOREX:AWGUSD)

Bear Market Rally (-75) - AWGUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AWGUSD as it may be in the beginning of a reversal.

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

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

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

FOREX_AWGUSD
Open High Low AWGUSD Price Change
0.55518312 0.55518312 0.55518312 0.55518312 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AWGUSD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.5548021

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2024 at 0.5548021

short term down The short-term trend has been DOWN since May 13th, 2024 at 0.5548021

Smart Scan Analysis for AWGUSD

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

-80
Smart Scan Analysis for AWGUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55518312 0.55518312 0.55518312 0.55518312 0.00000000
Prev. Close Volume Bid Ask Time
0.55518312 2024-05-24 12:30:43
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