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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

South African Rand/Romanian Leu (FOREX:ZARRON)

Bull Market Weakness (+75) - ZARRON is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARRON as it may be in the beginning stages 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
0.28841347 0.29319023 0.28832589 0.29319023 +0.00477700
Entry Signal

MarketClub’s Trade Triangles for ZARRON

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 0.28075115

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.28949680

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.28791089

Smart Scan Analysis for ZARRON

Based on our trend formula, ZARRON is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZARRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28841347 0.29319023 0.28832589 0.29319023 +0.00477700
Prev. Close Volume Bid Ask Time
0.28841347 2021-10-15 17:19:11
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