Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Romanian Leu/South African Rand (FOREX:RONZAR)
Bull Market Weakness (+75) - RONZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RONZAR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for RONZAR
The long-term trend has been DOWN since Feb 14th, 2022 at 3.4491424
The intermediate-term trend has been UP since Jun 28th, 2022 at 3.4247565
The short-term trend has been UP since Jun 27th, 2022 at 3.4181228
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).