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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
12.196912 12.196912 12.191798 12.191798 -0.005114
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 12.147064

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 12.160756

short term up The short-term trend has been UP since May 23rd, 2024 at 12.205962

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).

-65
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.196912 12.196912 12.191798 12.191798 -0.005114
Prev. Close Volume Bid Ask Time
12.196912 2024-05-26 08:46:20
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