Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Sidelines Mode (-55) - ZARUYU is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Oct 14th, 2021 at 2.9412396
The short-term trend has been DOWN since Oct 22nd, 2021 at 2.9836637
Smart Scan Analysis for ZARUYU
Based on our trend formula, ZARUYU is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).