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Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

South African Rand/Ugandan Shilling (FOREX:ZARUGX)

Countertrend Up (+85) - ZARUGX 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 ZARUGX?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUGX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARUGX
Open High Low ZARUGX Price Change
203.22592 203.22592 203.22592 203.22592 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARUGX

long term up The long-term trend has been UP since Nov 12th, 2023 at 200.41663

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2023 at 197.71703

short term up The short-term trend has been UP since Nov 29th, 2023 at 203.72883

Smart Scan Analysis for ZARUGX

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

+80
Smart Scan Analysis for ZARUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
203.22592 203.22592 203.22592 203.22592 0.00000
Prev. Close Volume Bid Ask Time
203.22592 2023-12-02 06:46:34
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