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.
MarketClub’s Trade Triangles for ZARRON
The long-term trend has been DOWN since Nov 19th, 2023 at 0.23446436
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 0.24728960
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).