Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
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.
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MarketClub’s Trade Triangles for RONZAR
The long-term trend has been UP since Aug 11th, 2024 at 4.1859278
The intermediate-term trend has been DOWN since Aug 29th, 2024 at 3.9221284
The short-term trend has been DOWN since Sep 9th, 2024 at 3.9448469
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
3.9457090 | 3.9743906 | 3.9378148 | 3.9424606 | -0.0032480 |
Prev. Close | Volume | Bid | Ask | Time |
3.9457090 | 2024-09-16 18:52:53 |