Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
South African Rand/Russian Ruble (FOREX:ZARRUB)
Strong Uptrend (+100) - ZARRUB is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARRUB continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZARRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARRUB
The long-term trend has been UP since Aug 24th, 2020 at 4.4104196
The intermediate-term trend has been UP since Mar 22nd, 2021 at 5.0573401
The short-term trend has been UP since Apr 15th, 2021 at 5.3458998
Smart Scan Analysis for ZARRUB
Based on our trend formula, ZARRUB is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).