Hello traders! Today, I'm excited to share insights on the AUDUSD pair using my favorite tool, the Adaptive Trend Finder (log) available on TradingView. This tool is exceptionally effective for identifying both short-term and long-term trend strengths, employing the powerful Pearson correlation method.
In the chart, focus on the middle section highlighted in gray, which represents the strength of the long-term trend channel. Additionally, observe the yellow section on the right, indicating the strength of the short-term trend channel.
I invite you to delve into the signals yourself and interpret what you see. Feel free to share your thoughts in the comments section. Let's collaborate and analyze together!
Happy trading