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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Romanian Leu/South African Rand (FOREX:RONZAR)
Strong Downtrend (-100) - RONZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, RONZAR continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 9th, 2024 at 4.0292813
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 4.0083109
The short-term trend has been DOWN since Apr 25th, 2024 at 4.0829692
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.0015989 | 4.0160322 | 3.9883588 | 4.0051223 | +0.0035230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0015989 | 2024-05-03 17:00:04 |