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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 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
12.401700 12.418000 12.165400 12.200176 -0.201524
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term up The long-term trend has been UP since May 3rd, 2022 at 11.463600

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2023 at 12.439027

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 12.263349

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
12.401700 12.418000 12.165400 12.200176 -0.201524
Prev. Close Volume Bid Ask Time
12.401700 2023-03-22 18:56:38
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