Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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 UP since Mar 11th, 2020 at 2.6721603
The intermediate-term trend has been UP since Mar 10th, 2020 at 2.5790647
The short-term trend has been DOWN since Mar 23rd, 2020 at 2.5526817
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).