Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Crossroads (-60) - ZARUYU is struggling to move into a solid trend. Beware of choppy markets 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 Nov 1st, 2023 at 2.1597783
The intermediate-term trend has been DOWN since Nov 22nd, 2023 at 2.1038018
The short-term trend has been DOWN since Nov 30th, 2023 at 2.0684891
Smart Scan Analysis for ZARUYU
Based on our trend formula, ZARUYU is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).