Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Weak Downtrend (-65) - RUBZAR is showing signs of a strengthening downtrend. Monitor RUBZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid RUBZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBZAR
The long-term trend has been DOWN since Aug 24th, 2020 at 0.22675210
The intermediate-term trend has been DOWN since Aug 24th, 2020 at 0.22865461
The short-term trend has been UP since Nov 30th, 2020 at 0.20144088
Smart Scan Analysis for RUBZAR
Based on our trend formula, RUBZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).