Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Romanian Leu/South African Rand (FOREX:RONZAR)
Sidelines Mode (-55) - RONZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for RONZAR
The long-term trend has been UP since Jul 26th, 2021 at 3.5618785
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 3.4542745
The short-term trend has been UP since Oct 12th, 2021 at 3.5218282
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).