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.
MarketClub’s Trade Triangles for AUDZAR
The long term trend has been UP since Oct 31st, 2019 at 10.489000
The intermediate term trend has been UP since Dec 10th, 2019 at 10.109862
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).