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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

South African Rand/Romanian Leu (FOREX:ZARRON)

Bear Market Rally (-75) - ZARRON is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARRON as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ZARRON?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRON.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARRON
Open High Low ZARRON Price Change
0.24282935 0.24284497 0.24279141 0.24281883 -0.00001100
Entry Signal

MarketClub’s Trade Triangles for ZARRON

long term down The long-term trend has been DOWN since Nov 19th, 2023 at 0.23446436

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2023 at 0.24728960

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.24504324

Smart Scan Analysis for ZARRON

Based on our trend formula, ZARRON is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24282935 0.24284497 0.24279141 0.24281883 -0.00001100
Prev. Close Volume Bid Ask Time
0.24282935 2023-12-11 00:33:18
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