Free Daily Analysis

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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
12.348450 12.418650 12.234173 12.418650 +0.070200
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term down The long-term trend has been DOWN since Jul 28th, 2023 at 11.83140

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 12.02830

short term down 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).

+55
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.348450 12.418650 12.234173 12.418650 +0.070200
Prev. Close Volume Bid Ask Time
12.348450 2023-11-29 17:14:13
Get a free daily analysis and signals for Australian Dollar/South African Rand (AUDZAR) - Request Your Free Report.