Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Russian Ruble/South African Rand (FOREX:RUBZAR)

Countertrend Down (-85) - RUBZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

Open	High	Low	RUBZAR Price	Change
0.20364896	0.20366652	0.20139439	0.20150678	-0.00214200
Entry Signal

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 Mar 21st, 2024 at 0.20187503

The short-term trend has been UP since Apr 12th, 2024 at 0.20174052

Smart Scan Analysis for RUBZAR

Based on our trend formula, RUBZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.20364896	0.20366652	0.20139439	0.20150678	-0.00214200
Prev. Close	Volume	Bid	Ask	Time
0.20364896				2024-04-16 10:33:27

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