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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Strong Downtrend (-100) - RUBZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RUBZAR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RUBZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBZAR.
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 RUBZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 0.20070080
The intermediate-term trend has been DOWN since May 2nd, 2024 at 0.19751992
The short-term trend has been DOWN since May 9th, 2024 at 0.20008580
Smart Scan Analysis for RUBZAR
Based on our trend formula, RUBZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20244591 | 0.20252914 | 0.19931472 | 0.19941620 | -0.00303000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20244591 | 2024-05-09 08:41:02 |