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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Russian Ruble (FOREX:ZARRUB)
Countertrend Up (+85) - ZARRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRUB.
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 ZARRUB
The long-term trend has been UP since Apr 8th, 2024 at 4.9825418
The intermediate-term trend has been UP since May 2nd, 2024 at 5.0620265
The short-term trend has been DOWN since May 3rd, 2024 at 4.9036350
Smart Scan Analysis for ZARRUB
Based on our trend formula, ZARRUB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.9395912 | 4.9752773 | 4.9372798 | 4.9750550 | +0.0354640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.9395912 | 2024-05-09 03:59:18 |