Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Long-Term Uptrend (+90) - AUDZAR is in a strong uptrend that is likely to continue. While AUDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jan 7th, 2021 at 12.01525
The intermediate-term trend has been UP since Feb 21st, 2021 at 11.59300
The short-term trend has been UP since Feb 25th, 2021 at 11.75455
Smart Scan Analysis for AUDZAR
Based on our trend formula, AUDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).