Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
South African Rand/Ugandan Shilling (FOREX:ZARUGX)
Sidelines Mode (+50) - ZARUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARUGX can gain momentum.
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.
MarketClub’s Trade Triangles for ZARUGX
The long-term trend has been DOWN since May 2nd, 2022 at 228.44383
The intermediate-term trend has been UP since Mar 24th, 2023 at 204.66224
The short-term trend has been UP since Mar 24th, 2023 at 203.16616
Smart Scan Analysis for ZARUGX
Based on our trend formula, ZARUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).