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.
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).