Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
South African Rand/Russian Ruble (FOREX:ZARRUB)
Long-Term Uptrend (+90) - ZARRUB is in a strong uptrend that is likely to continue. While ZARRUB is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARRUB
The long-term trend has been UP since May 4th, 2022 at 9.8095830
The intermediate-term trend has been UP since Aug 1st, 2022 at 3.7275029
The short-term trend has been UP since Aug 9th, 2022 at 3.7115582
Smart Scan Analysis for ZARRUB
Based on our trend formula, ZARRUB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).