Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Romanian Leu/South African Rand (FOREX:RONZAR)
Weak Downtrend (-65) - RONZAR is showing signs of a strengthening downtrend. Monitor RONZAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for RONZAR
The long-term trend has been UP since Feb 27th, 2020 at 3.5531064
The intermediate-term trend has been DOWN since May 21st, 2020 at 4.0462154
The short-term trend has been DOWN since May 20th, 2020 at 4.1038837
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).