Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Sidelines Mode (+55) - AUDZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDZAR
The long-term trend has been DOWN since Jul 28th, 2023 at 11.83140
The intermediate-term trend has been UP since Nov 20th, 2023 at 12.02830
The short-term trend has been DOWN since Nov 29th, 2023 at 12.30025
Smart Scan Analysis for AUDZAR
Based on our trend formula, AUDZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).