Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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.
MarketClub’s Trade Triangles for RUBZAR
The long-term trend has been UP since Nov 21st, 2023 at 0.20905489
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.20072371
The short-term trend has been DOWN since Dec 8th, 2023 at 0.20141494
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).