Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Bull Market Weakness (+75) - RUBZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RUBZAR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for RUBZAR
The long-term trend has been UP since Apr 2nd, 2020 at 0.23970029
The intermediate-term trend has been DOWN since May 24th, 2020 at 0.24561965
The short-term trend has been UP since May 29th, 2020 at 0.24932370
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).