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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.

FOREX_RONZAR
Open High Low RONZAR Price Change
3.9475149 3.9677020 3.9429436 3.9542873 +0.0067720
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term up The long-term trend has been UP since Feb 27th, 2020 at 3.5531064

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2020 at 4.0462154

short term down 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).

-70
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9475149 3.9677020 3.9429436 3.9542873 +0.0067720
Prev. Close Volume Bid Ask Time
3.9475149 3.9498405 3.9587341 2020-05-25 05:09:35
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