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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Romanian Leu/South African Rand (FOREX:RONZAR)

Sidelines Mode (+55) - RONZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_RONZAR
Open High Low RONZAR Price Change
4.1166944 4.1404828 4.1139113 4.1169873 +0.0002930
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term up The long-term trend has been UP since Nov 19th, 2023 at 4.2650457

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 4.1347371

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 4.1062429

Smart Scan Analysis for RONZAR

Based on our trend formula, RONZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1166944 4.1404828 4.1139113 4.1169873 +0.0002930
Prev. Close Volume Bid Ask Time
4.1166944 2024-03-28 12:02:25
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