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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Romanian Leu/South African Rand (FOREX:RONZAR)
Long-Term Downtrend (-90) - RONZAR is in a strong downtrend that is likely to continue. While RONZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for RONZAR
The long-term trend has been DOWN since Sep 27th, 2024 at 3.8365796
The intermediate-term trend has been DOWN since Feb 6th, 2025 at 3.8571922
The short-term trend has been DOWN since Feb 19th, 2025 at 3.8592366
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8706954 | 3.8749121 | 3.8446797 | 3.8660286 | -0.0046670 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8706954 | 2025-02-21 16:58:06 |