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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.

FOREX_RONZAR
Open High Low RONZAR Price Change
3.9457090 3.9743906 3.9378148 3.9424606 -0.0032480
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term up The long-term trend has been UP since Aug 11th, 2024 at 4.1859278

intermediate term down The intermediate-term trend has been DOWN since Aug 29th, 2024 at 3.9221284

short term down 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).

-70
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways 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
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