Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
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 DOWN since Aug 24th, 2020 at 0.22675210
The intermediate-term trend has been UP since Feb 25th, 2021 at 0.20147486
The short-term trend has been UP since Feb 25th, 2021 at 0.19961237
Smart Scan Analysis for RUBZAR
Based on our trend formula, RUBZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).