Forex Trend Analysis Report
Prepared for you on Saturday, July 11, 2020.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Long-Term Uptrend (+90) - ZARUYU is in a strong uptrend that is likely to continue. While ZARUYU is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Jul 10th, 2020 at 2.6018744
The intermediate-term trend has been UP since Jul 8th, 2020 at 2.5341664
The short-term trend has been UP since Jul 2nd, 2020 at 2.4594340
Smart Scan Analysis for ZARUYU
Based on our trend formula, ZARUYU is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).