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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

Romanian Leu/South African Rand (FOREX:RONZAR)

Bull Market Weakness (+75) - RONZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RONZAR as it may be in the beginning stages of a reversal.

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
3.4598323 3.4768248 3.4322384 3.4679333 +0.0081010
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term down The long-term trend has been DOWN since Feb 14th, 2022 at 3.4491424

intermediate term up The intermediate-term trend has been UP since Jun 28th, 2022 at 3.4247565

short term up The short-term trend has been UP since Jun 27th, 2022 at 3.4181228

Smart Scan Analysis for RONZAR

Based on our trend formula, RONZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4598323 3.4768248 3.4322384 3.4679333 +0.0081010
Prev. Close Volume Bid Ask Time
3.4598323 2022-07-01 17:22:23
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