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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Long-Term Uptrend (+90) - AUDZAR is in a strong uptrend that is likely to continue. While AUDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
11.42858 11.50920 11.26200 11.31240 -0.11618
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term up The long-term trend has been UP since Mar 29th, 2020 at 10.974508

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2020 at 10.974508

short term up The short-term trend has been UP since Apr 2nd, 2020 at 11.166861

Smart Scan Analysis for AUDZAR

Based on our trend formula, AUDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.42858 11.50920 11.26200 11.31240 -0.11618
Prev. Close Volume Bid Ask Time
11.42858 11.30840 11.31640 2020-04-07 07:00:45
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