Forex Trend Analysis Report
Prepared for you on Tuesday, July 7, 2020.
US Dollar/Australian Dollar (FOREX:USDAUD)
Long-Term Downtrend (-90) - USDAUD is in a strong downtrend that is likely to continue. While USDAUD 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 USDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDAUD
The long-term trend has been DOWN since Jun 1st, 2020 at 1.4834596
The intermediate-term trend has been DOWN since Apr 9th, 2020 at 1.5861400
The short-term trend has been DOWN since Jun 30th, 2020 at 1.4501000
Smart Scan Analysis for USDAUD
Based on our trend formula, USDAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).