Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 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 UP since May 3rd, 2022 at 11.463600
The intermediate-term trend has been UP since Mar 20th, 2023 at 12.439027
The short-term trend has been DOWN since Mar 22nd, 2023 at 12.263349
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.401700 | 12.418000 | 12.165400 | 12.200176 | -0.201524 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.401700 | 2023-03-22 18:56:38 |