Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
South African Rand/Australian Dollar (FOREX:ZARAUD)
Bear Market Rally (-75) - ZARAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARAUD
The long-term trend has been DOWN since Mar 29th, 2020 at 0.091047
The intermediate-term trend has been UP since May 20th, 2020 at 0.084835
The short-term trend has been DOWN since May 29th, 2020 at 0.085866
Smart Scan Analysis for ZARAUD
Based on our trend formula, ZARAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).