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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

Romanian Leu/South African Rand (FOREX:RONZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_RONZAR
Open High Low RONZAR Price Change
3.61345 3.61705 3.59635 3.59725 -0.01620
Entry Signal

MarketClub’s Trade Triangles for RONZAR

long term up The long term trend has been UP since Aug 9th, 2019 at 3.61645

intermediate term up The intermediate term trend has been UP since Aug 1st, 2019 at 3.38060

short term down The short term trend has been DOWN since Aug 15th, 2019 at 3.57675

Smart Scan Analysis for RONZAR

Based on a pre-defined weighted trend formula for chart analysis, RONZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for RONZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.61345 3.61705 3.59635 3.59725 -0.01620
Prev. Close Volume Bid Ask Time
3.61345 3.59310 3.60140 2019-08-20 09:47:45
Want to analyze Romanian Leu/South African Rand RONZAR or another symbol? Try our Free Forex Trend Analysis Report.