Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Bull Market Weakness (+75) - ZARUYU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARUYU as it may be in the beginning stages of a reversal.
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 Mar 11th, 2021 at 2.9892973
The short-term trend has been DOWN since Apr 20th, 2021 at 3.0795434
Smart Scan Analysis for ZARUYU
Based on our trend formula, ZARUYU is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).