Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Australian Dollar/South African Rand (FOREX:AUDZAR)
Long-Term Uptrend (+90) - AUDZAR is in a strong uptrend that is likely to continue. While AUDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for AUDZAR
The long-term trend has been UP since Oct 11th, 2021 at 11.015441
The intermediate-term trend has been UP since Sep 27th, 2021 at 10.885000
The short-term trend has been UP since Oct 21st, 2021 at 10.928078
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).