Forex Trend Analysis Report

Prepared for you on Tuesday, May 11, 2021.

Australian Dollar/South African Rand (FOREX:AUDZAR)

Bear Market Rally (-75) - AUDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AUDZAR as it may be in the beginning of a reversal.

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.

Open	High	Low	AUDZAR Price	Change
11.022600	11.024190	10.947700	10.977975	-0.044625
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

The long-term trend has been DOWN since Apr 1st, 2021 at 11.194850

The intermediate-term trend has been DOWN since Mar 17th, 2021 at 11.415769

The short-term trend has been UP since Apr 20th, 2021 at 11.100830

Smart Scan Analysis for AUDZAR

Based on our trend formula, AUDZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
11.022600	11.024190	10.947700	10.977975	-0.044625
Prev. Close	Volume	Bid	Ask	Time
11.022600				2021-05-11 16:03:47

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