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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Romanian Leu/South African Rand (FOREX:RONZAR)

Strong Uptrend (+100) - RONZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, RONZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
4.1488495 4.1563758 4.1465752 4.1563758 +0.0075260
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term up The long-term trend has been UP since Nov 19th, 2023 at 4.2650457

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 4.1347371

short term up The short-term trend has been UP since Mar 18th, 2024 at 4.1194733

Smart Scan Analysis for RONZAR

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

+100
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1488495 4.1563758 4.1465752 4.1563758 +0.0075260
Prev. Close Volume Bid Ask Time
4.1488495 2024-03-19 02:29:47
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