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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

South African Rand/Australian Dollar (FOREX:ZARAUD)

Long-Term Downtrend (-90) - ZARAUD is in a strong downtrend that is likely to continue. While ZARAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARAUD
Open High Low ZARAUD Price Change
0.0812330 0.0815430 0.0802465 0.0805035 -0.0007290
Entry Signal

MarketClub’s Trade Triangles for ZARAUD

long term down The long-term trend has been DOWN since May 3rd, 2022 at 0.0872370

intermediate term down The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.0803905

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.0818040

Smart Scan Analysis for ZARAUD

Based on our trend formula, ZARAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0812330 0.0815430 0.0802465 0.0805035 -0.0007290
Prev. Close Volume Bid Ask Time
0.0812330 2023-03-20 20:51:51
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