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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Strong Downtrend (-100) - AUDZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDZAR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for AUDZAR
The long-term trend has been DOWN since Jun 17th, 2024 at 12.03325
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 11.73255
The short-term trend has been DOWN since Oct 23rd, 2024 at 11.69155
Smart Scan Analysis for AUDZAR
Based on our trend formula, AUDZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.714184 | 11.733250 | 11.656200 | 11.668614 | -0.045570 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.668614 | 2024-10-25 21:39:49 |