Forex Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
Romanian Leu/South African Rand (FOREX:RONZAR)
Crossroads (-60) - RONZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for RONZAR
The long-term trend has been UP since Jul 26th, 2021 at 3.5618785
The intermediate-term trend has been DOWN since Dec 20th, 2021 at 3.5885909
The short-term trend has been DOWN since Jan 26th, 2022 at 3.4571726
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).