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.
MarketClub’s Trade Triangles for AUDZAR
The long-term trend has been UP since Mar 29th, 2020 at 10.974508
The intermediate-term trend has been DOWN since May 20th, 2020 at 11.788750
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).