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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 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.

FOREX_AUDZAR
Open High Low AUDZAR Price Change
11.788362 11.812003 11.579913 11.684950 -0.103412
Entry Signal

MarketClub’s Trade Triangles for AUDZAR

long term up The long-term trend has been UP since Jan 7th, 2021 at 12.01525

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2021 at 11.59300

short term up The short-term trend has been UP since Feb 25th, 2021 at 11.75455

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
11.788362 11.812003 11.579913 11.684950 -0.103412
Prev. Close Volume Bid Ask Time
11.788362 2021-02-26 14:35:41
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