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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Russian Ruble/South African Rand (FOREX:RUBZAR)

Sidelines Mode (+55) - RUBZAR 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 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.

FOREX_RUBZAR
Open High Low RUBZAR Price Change
0.20418368 0.20880328 0.20214957 0.20331662 -0.00086700
Entry Signal

MarketClub’s Trade Triangles for RUBZAR

long term up The long-term trend has been UP since Jun 4th, 2024 at 0.21141692

intermediate term up The intermediate-term trend has been UP since May 24th, 2024 at 0.20679086

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 0.20534014

Smart Scan Analysis for RUBZAR

Based on our trend formula, RUBZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for RUBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20418368 0.20880328 0.20214957 0.20331662 -0.00086700
Prev. Close Volume Bid Ask Time
0.20418368 2024-06-24 04:51:09
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