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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Bull Market Weakness (+75) - AUDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDZAR as it may be in the beginning stages of a reversal.

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
11.72535 11.82290 11.70375 11.80420 +0.07885
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term up The long-term trend has been UP since Mar 29th, 2020 at 10.974508

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 11.788750

short term up The short-term trend has been UP since May 29th, 2020 at 11.646371

Smart Scan Analysis for AUDZAR

Based on our trend formula, AUDZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.72535 11.82290 11.70375 11.80420 +0.07885
Prev. Close Volume Bid Ask Time
11.72535 11.80070 11.80770 2020-06-01 12:50:24
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