Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

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
3.4668497 3.4684901 3.4107561 3.4107561 -0.0560940
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term up The long-term trend has been UP since Jul 26th, 2021 at 3.5618785

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 3.4542745

short term up The short-term trend has been UP since Oct 12th, 2021 at 3.5218282

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
3.4668497 3.4684901 3.4107561 3.4107561 -0.0560940
Prev. Close Volume Bid Ask Time
3.4668497 2021-10-15 17:19:11
Get a free daily analysis and signals for Romanian Leu/South African Rand (RONZAR) - Request Your Free Report.