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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
10.092364 10.118330 10.011821 10.035050 -0.057314
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term up The long term trend has been UP since Oct 31st, 2019 at 10.489000

intermediate term up The intermediate term trend has been UP since Dec 10th, 2019 at 10.109862

short term up The short term trend has been UP since Dec 10th, 2019 at 10.046873

Smart Scan Analysis for AUDZAR

Based on a pre-defined weighted trend formula for chart analysis, AUDZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.092364 10.118330 10.011821 10.035050 -0.057314
Prev. Close Volume Bid Ask Time
10.092364 10.031600 10.038500 2019-12-12 13:42:45
Want to analyze Australian Dollar/South African Rand AUDZAR or another symbol? Try our Free Forex Trend Analysis Report.