Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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 Oct 11th, 2021 at 11.015441
The intermediate-term trend has been UP since Sep 27th, 2021 at 10.885000
The short-term trend has been DOWN since Oct 14th, 2021 at 10.903300
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).