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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.
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MarketClub’s Trade Triangles for ZARAUD
The long-term trend has been DOWN since May 3rd, 2022 at 0.0872370
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.0803905
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).
| 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 |