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.

Open	High	Low	RUBZAR Price	Change
0.20146997	0.20769157	0.20128959	0.20605242	+0.00458200
Entry Signal

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).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.20146997	0.20769157	0.20128959	0.20605242	+0.00458200
Prev. Close	Volume	Bid	Ask	Time
0.20146997				2023-12-08 13:27:24

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