Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Long-Term Uptrend (+90) - AUDZAR is in a strong uptrend that is likely to continue. While AUDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 29th, 2020 at 10.974508
The intermediate-term trend has been UP since Mar 29th, 2020 at 10.974508
The short-term trend has been UP since Apr 2nd, 2020 at 11.166861
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).