Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 14, 2021.

Romanian Leu/South African Rand (FOREX:RONZAR)

Countertrend Down (-85) - RONZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
3.3808977 3.3993202 3.3744987 3.3843675 +0.0034700
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term down The long-term trend has been DOWN since Feb 12th, 2021 at 3.6285046

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2021 at 3.4571528

short term up The short-term trend has been UP since Jun 9th, 2021 at 3.3641425

Smart Scan Analysis for RONZAR

Based on our trend formula, RONZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3808977 3.3993202 3.3744987 3.3843675 +0.0034700
Prev. Close Volume Bid Ask Time
3.3808977 2021-06-14 10:45:51
Get a free daily analysis and signals for Romanian Leu/South African Rand (RONZAR) - Request Your Free Report.