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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 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
4.1141774 4.1227144 4.0990398 4.1120683 -0.0021090
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term down The long-term trend has been DOWN since Apr 9th, 2024 at 4.0292813

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2024 at 4.0696361

short term up The short-term trend has been UP since Apr 16th, 2024 at 4.0710967

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
4.1141774 4.1227144 4.0990398 4.1120683 -0.0021090
Prev. Close Volume Bid Ask Time
4.1141774 2024-04-19 05:22:16
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