Forex Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Bear Market Rally (-75) - ZARUYU is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARUYU as it may be in the beginning 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 DOWN since Jul 14th, 2021 at 2.9972771
The intermediate-term trend has been DOWN since Apr 19th, 2022 at 2.7950463
The short-term trend has been UP since May 25th, 2022 at 2.5820605
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).