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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Romanian Leu/South African Rand (FOREX:RONZAR)

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

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.

FOREX_RONZAR
Open High Low RONZAR Price Change
4.1141774 4.1428038 4.0818724 4.1363119 +0.0221340
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term down The long-term trend has been DOWN since Apr 9th, 2024 at 4.0292813

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2024 at 4.1404828

short term up The short-term trend has been UP since Apr 16th, 2024 at 4.0710967

Smart Scan Analysis for RONZAR

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

+70
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1141774 4.1428038 4.0818724 4.1363119 +0.0221340
Prev. Close Volume Bid Ask Time
4.1141774 2024-04-19 17:02:48
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