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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Bear Market Rally (-75) - RUBZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RUBZAR as it may be in the beginning of a reversal.
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 Aug 13th, 2024 at 0.19747436
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.18583411
The short-term trend has been DOWN since Nov 15th, 2024 at 0.18214079
Smart Scan Analysis for RUBZAR
Based on our trend formula, RUBZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18100467 | 0.18136234 | 0.17992211 | 0.18051861 | -0.00048600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18100467 | 2024-11-20 03:40:54 |