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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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.

FOREX_ZARUYU
Open High Low ZARUYU Price Change
2.0410621 2.0460691 2.0224437 2.0254947 -0.0155670
Entry Signal

MarketClub’s Trade Triangles for ZARUYU

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 2.0441245

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2024 at 2.0717718

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 2.0458824

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).

-75
Smart Scan Analysis for ZARUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0410621 2.0460691 2.0224437 2.0254947 -0.0155670
Prev. Close Volume Bid Ask Time
2.0410621 2024-04-18 12:15:36
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