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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Romanian Leu/South African Rand (FOREX:RONZAR)

Crossroads (+60) - RONZAR is struggling to move into a solid trend. Beware of choppy markets 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
3.7454914 3.7836714 3.7445570 3.7631873 +0.0176960
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term down The long-term trend has been DOWN since Feb 12th, 2021 at 3.6285046

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2021 at 3.7773538

short term up The short-term trend has been UP since Mar 4th, 2021 at 3.7368710

Smart Scan Analysis for RONZAR

Based on our trend formula, RONZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7454914 3.7836714 3.7445570 3.7631873 +0.0176960
Prev. Close Volume Bid Ask Time
3.7454914 2021-03-08 20:24:57
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