Forex Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
Romanian Leu/South African Rand (FOREX:RONZAR)
Weak Uptrend (+65) - RONZAR is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for RONZAR
The long-term trend has been UP since Jul 15th, 2022 at 3.4942073
The intermediate-term trend has been UP since Apr 7th, 2023 at 4.0755014
The short-term trend has been DOWN since May 31st, 2023 at 4.2366163
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).