Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Bear Market Rally (-75) - ZARUYU is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARUYU as it may be in the beginning of a reversal.
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 Apr 3rd, 2020 at 2.3430694
The intermediate-term trend has been DOWN since Apr 3rd, 2020 at 2.3430694
The short-term trend has been UP since Apr 7th, 2020 at 2.3943123
Smart Scan Analysis for ZARUYU
Based on our trend formula, ZARUYU is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).