Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 DOWN since Jul 10th, 2019 at 9.77620
The intermediate term trend has been UP since Aug 1st, 2019 at 9.95595
The short term trend has been UP since Aug 8th, 2019 at 10.22410
Smart Scan Analysis for AUDZAR
Based on a pre-defined weighted trend formula for chart analysis, AUDZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).