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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

South African Rand/Russian Ruble (FOREX:ZARRUB)

Bear Market Rally (-75) - ZARRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARRUB as it may be in the beginning of a reversal.

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.

FOREX_ZARRUB
Open High Low ZARRUB Price Change
4.8443209 4.8443209 4.8443209 4.8443209 0.0000000
Entry Signal

MarketClub’s Trade Triangles for ZARRUB

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 4.7303340

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2024 at 4.8358039

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 4.6971360

Smart Scan Analysis for ZARRUB

Based on our trend formula, ZARRUB is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for ZARRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8443209 4.8443209 4.8443209 4.8443209 0.0000000
Prev. Close Volume Bid Ask Time
4.8443209 2024-06-15 06:10:52
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