Forex Trend Analysis Report
Prepared for you on Wednesday, August 4, 2021.
South African Rand/Ugandan Shilling (FOREX:ZARUGX)
Long-Term Downtrend (-90) - ZARUGX is in a strong downtrend that is likely to continue. While ZARUGX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jul 19th, 2021 at 249.29105
The intermediate-term trend has been DOWN since Jun 14th, 2021 at 257.49827
The short-term trend has been DOWN since Jun 14th, 2021 at 257.49827
Smart Scan Analysis for ZARUGX
Based on our trend formula, ZARUGX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).