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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Strong Uptrend (+100) - AUDZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, AUDZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for AUDZAR
The long-term trend has been UP since Nov 30th, 2023 at 12.481420
The intermediate-term trend has been UP since Apr 22nd, 2024 at 12.392250
The short-term trend has been UP since Apr 15th, 2024 at 12.293793
Smart Scan Analysis for AUDZAR
Based on our trend formula, AUDZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.387200 | 12.427700 | 12.374040 | 12.405251 | +0.018051 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.387200 | 2024-04-23 14:22:23 |