Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Romanian Leu/South African Rand (FOREX:RONZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RONZAR
The long term trend has been DOWN since Dec 13th, 2019 at 3.3640914
The intermediate term trend has been UP since Jan 14th, 2020 at 3.3726652
The short term trend has been UP since Jan 27th, 2020 at 3.3632561
Smart Scan Analysis for RONZAR
Based on a pre-defined weighted trend formula for chart analysis, RONZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).