Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Weak Downtrend (-65) - AUDZAR is showing signs of a strengthening downtrend. Monitor AUDZAR as it may be building momentum to the downside.
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 Oct 20th, 2020 at 11.594456
The intermediate-term trend has been DOWN since Aug 24th, 2020 at 12.140232
The short-term trend has been UP since Nov 24th, 2020 at 11.304305
Smart Scan Analysis for AUDZAR
Based on our trend formula, AUDZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).