Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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.
MarketClub’s Trade Triangles for ZARRUB
The long-term trend has been DOWN since Jul 13th, 2021 at 5.0453070
The intermediate-term trend has been UP since Oct 20th, 2021 at 4.9022686
The short-term trend has been DOWN since Oct 22nd, 2021 at 4.8369521
Smart Scan Analysis for ZARRUB
Based on our trend formula, ZARRUB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).