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.
MarketClub’s Trade Triangles for ZARUGX
The long-term trend has been UP since Nov 12th, 2023 at 200.41663
The intermediate-term trend has been UP since Oct 18th, 2023 at 197.71703
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).