Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South African Rand/Australian Dollar (FOREX:ZARAUD)
Sidelines Mode (+55) - ZARAUD 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 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 UP since Jul 28th, 2023 at 0.0845675
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.0831375
The short-term trend has been UP since Nov 29th, 2023 at 0.0812995
Smart Scan Analysis for ZARAUD
Based on our trend formula, ZARAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).