Forex Trend Analysis Report

Prepared for you on Tuesday, May 7, 2024.

South African Rand/Romanian Leu (FOREX:ZARRON)

Countertrend Up (+85) - ZARRON is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid ZARRON?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRON.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARRON Price	Change
0.24951756	0.25077960	0.24897560	0.25020346	+0.00068600
Entry Signal

MarketClub’s Trade Triangles for ZARRON

The long-term trend has been UP since Apr 9th, 2024 at 0.24818352

The intermediate-term trend has been UP since Apr 30th, 2024 at 0.24948193

The short-term trend has been DOWN since May 7th, 2024 at 0.24900206

Smart Scan Analysis for ZARRON

Based on our trend formula, ZARRON is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.24951756	0.25077960	0.24897560	0.25020346	+0.00068600
Prev. Close	Volume	Bid	Ask	Time
0.24951756				2024-05-07 10:24:43

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