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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.

FOREX_USDAUD
Open High Low USDAUD Price Change
1.4356471 1.4382282 1.4336919 1.4380214 +0.0023740
Entry Signal

MarketClub’s Trade Triangles for USDAUD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 1.4834596

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2020 at 1.5861400

short term down 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).

-90
Smart Scan Analysis for USDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4356471 1.4382282 1.4336919 1.4380214 +0.0023740
Prev. Close Volume Bid Ask Time
1.4356471 1.4376078 1.4384350 2020-07-07 02:03:19
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