Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 Apr 2nd, 2020 at 4.1711287
The intermediate-term trend has been UP since May 24th, 2020 at 4.0713359
The short-term trend has been DOWN since May 28th, 2020 at 4.0462661
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).