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Forex Trend Analysis Report

Prepared for you on Friday, February 15, 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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
10.0260 10.0725 9.9731 10.0720 +0.0460
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 9.95025

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 9.96575

short term up The short term trend has been UP since Feb 11th, 2019 at 9.70075

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).

+70
Smart Scan Analysis for AUDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.0260 10.0725 9.9731 10.0720 +0.0460
Prev. Close Volume Bid Ask Time
10.0260 10.0690 10.0750 2019-02-15 13:51:23
Want to analyze Australian Dollar/South African Rand AUDZAR or another symbol? Try our Free Forex Trend Analysis Report.