Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
South African Rand/Russian Ruble (FOREX:ZARRUB)
Countertrend Up (+85) - ZARRUB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Dec 5th, 2022 at 3.6430445
The intermediate-term trend has been UP since Feb 9th, 2023 at 4.1516457
The short-term trend has been DOWN since Mar 27th, 2023 at 4.1737042
Smart Scan Analysis for ZARRUB
Based on our trend formula, ZARRUB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).