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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Romanian Leu/South African Rand (FOREX:RONZAR)
Countertrend Down (-85) - RONZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RONZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RONZAR
The long-term trend has been DOWN since Apr 9th, 2024 at 4.0292813
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 4.0083109
The short-term trend has been UP since May 7th, 2024 at 4.0160322
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.0122304 | 4.0140568 | 4.0103482 | 4.0105288 | -0.0017020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0122304 | 2024-05-09 01:18:18 |