Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Sidelines Mode (+50) - ZARUYU is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARUYU can gain momentum.
Is it time to buy, sell, or avoid ZARUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARUYU
The long-term trend has been DOWN since Jul 14th, 2021 at 2.9972771
The intermediate-term trend has been UP since Jul 25th, 2022 at 2.4874132
The short-term trend has been UP since Aug 8th, 2022 at 2.4693758
Smart Scan Analysis for ZARUYU
Based on our trend formula, ZARUYU is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).