Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2025.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Long-Term Downtrend (-90) - AUDZAR is in a strong downtrend that is likely to continue. While AUDZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jun 17th, 2024 at 12.03325
The intermediate-term trend has been DOWN since Jan 19th, 2025 at 11.58690
The short-term trend has been DOWN since Jan 14th, 2025 at 11.71430
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.583243 | 11.626754 | 11.576662 | 11.608245 | +0.025002 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.583243 | 2025-01-22 20:13:26 |