Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Long-Term Downtrend (-90) - AUDZAR is in a strong downtrend that is likely to continue. While AUDZAR is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
12.115450 12.230450 12.099950 12.169794 +0.054344
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term down The long-term trend has been DOWN since Jun 17th, 2024 at 12.033250

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2024 at 12.106688

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 12.145784

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).

-90
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.115450 12.230450 12.099950 12.169794 +0.054344
Prev. Close Volume Bid Ask Time
12.115450 2024-07-23 16:41:29
Get a free daily analysis and signals for Australian Dollar/South African Rand (AUDZAR) - Request Your Free Report.