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Forex Trend Analysis Report

Prepared for you on Tuesday, November 20, 2018.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
10.24505 10.27050 10.20850 10.21000 -0.03505
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term up The long term trend has been UP since May 18th, 2018 at 9.6072

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 10.3495

short term down The short term trend has been DOWN since Nov 14th, 2018 at 10.3255

Smart Scan Analysis for AUDZAR

Based on a pre-defined weighted trend formula for chart analysis, AUDZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.24505 10.27050 10.20850 10.21000 -0.03505
Prev. Close Volume Bid Ask Time
10.24505 10.20700 10.21300 2018-11-20 12:35:01
Want to analyze Australian Dollar/South African Rand AUDZAR or another symbol? Try our Free Forex Trend Analysis Report.