Forex Trend Analysis Report
Prepared for you on Saturday, June 19, 2021.
South African Rand/Australian Dollar (FOREX:ZARAUD)
Sidelines Mode (+55) - ZARAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for ZARAUD
The long-term trend has been UP since Apr 1st, 2021 at 0.089325
The intermediate-term trend has been UP since May 10th, 2021 at 0.090962
The short-term trend has been DOWN since Jun 7th, 2021 at 0.095350
Smart Scan Analysis for ZARAUD
Based on our trend formula, ZARAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).