Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
South African Rand/Australian Dollar (FOREX:ZARAUD)
Bull Market Weakness (+75) - ZARAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARAUD as it may be in the beginning stages 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 May 3rd, 2022 at 0.087237
The intermediate-term trend has been UP since Aug 2nd, 2022 at 0.087714
The short-term trend has been UP since Aug 10th, 2022 at 0.086691
Smart Scan Analysis for ZARAUD
Based on our trend formula, ZARAUD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).