Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
South African Rand/Russian Ruble (FOREX:ZARRUB)
Weak Downtrend (-65) - ZARRUB is showing signs of a strengthening downtrend. Monitor ZARRUB as it may be building momentum to the downside.
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 Nov 21st, 2023 at 4.7834331
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 4.9819732
The short-term trend has been UP since Dec 1st, 2023 at 4.8202491
Smart Scan Analysis for ZARRUB
Based on our trend formula, ZARRUB is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).