Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDZAR
The long term trend has been DOWN since Dec 16th, 2019 at 9.893078
The intermediate term trend has been UP since Jan 13th, 2020 at 9.973221
The short term trend has been DOWN since Feb 11th, 2020 at 9.986490
Smart Scan Analysis for AUDZAR
Based on a pre-defined weighted trend formula for chart analysis, AUDZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).